Austerity Is Guide for Europe -- Healthy Nations Dig in Against More Lending

Summary

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BRUSSELS - The European Union insisted its bailout pot has enough money to handle the continent's government debt crisis - but conceded its earlier bank stress tests were not tough enough and that Greece will need more time to repay its bailout loans.

While EU officials in Brussels sought to calm markets by stressing that their anti-crisis measures were enough to support the euro's credibility, the government in bailed-out Ireland announced a brutally tight budget and more taxes for next year as protesters banged drums and blew whistles outside parliament's gates.

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Austerity Is Guide for Europe -- Healthy Nations Dig in Against More Lending

Germany, the euro's economic and financial heavyweight, is refusing to increase the euro750 billion ($1 tril...

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