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Reports show lingering weakness in Europe

Further austerity measures could be in the offing

By David Jolly

 |  new york times  

  May 25, 2012

Economic reports Thursday showed Europe’s prospects dimming as the long battle to defend the eurozone continues to undermine confidence and raises the prospect of a renewed cycle of demands for austerity. The relentlessly bleak data, reflecting weakness across the Continent and in Britain, came a day after political leaders again failed to break the deadlock over how to resolve the European debt crisis.

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