In Europe, spending cuts fail to ease debt burdens (AP)

[unable to retrieve full-text content]AP - Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120222/ap_on_bi_ge/us_global_economy_tracker_europe_debt

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