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Fears of another crisis spiral for the world economy deepened Friday after the Portuguese parliament defeated a government austerity plan, triggering renewed concern that the financial crisis in that country and in Greece could spread through the eurozone and spill across its borders.
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JOAQIN ALMUNIA AND EUROPEAN CENTRAL BANK

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abtest

Europe's debt crisis heightens

February 7, 2010 - 12:00am

Fears of another crisis spiral for the world economy deepened Friday after the Portuguese parliament defeated a government austerity plan, triggering renewed concern that the financial crisis in that country and...

Business