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Euro Hit by New Market Jitters Merkel Urges Italy to Stick to Austerity Measures

German Chancellor Angela Merkel on Monday responded to mounting investor concern over Italy by urging the country to pass its planned budget cuts to help restore confidence. Merkel said "Germany and all euro partners are steadfastly determined to defend the stability of the euro."
German Chancellor Angela Merkel addressing the press on Monday.

German Chancellor Angela Merkel addressing the press on Monday.

REUTERS
cro -- with wire reports