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Eurozone Exit sign looms large for Spain amid debt disaster

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Published on Aug 21, 2011

The European Central Bank has disclosed details of its emergency operation to save Italy and Spain from the debt crisis, revealing that it spent a record €22 billion on government bonds. ­The admission comes ahead of Tuesday's meeting between French PM Nicholas Sarkozy and his German counterpart Angela Merkel in a further bid to stem the spread of the crisis.

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