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Peripheral spreads are higher across Europe....>

EGBS
EGBS: Peripheral spreads are higher across Europe this morning, led by Italy.
Media reports this morning have suggested that the EU is still seeking EUR3bn in
cuts to recurring payments, with too much focus on one-off measures to boost the
deficit at present.
- Il Messaggero is reporting that the EU opinion on the budget and whether to
open an EDP for Italy could be delayed until January.

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