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CHICAGO (Reuters) - U.S. President Barack Obama urged Europe on Monday to strengthen its defenses against financial market turmoil and recapitalize its banks as part of a four-pronged strategy for tackling the euro zone crisis. Read More »
LONDON (Reuters) - The EU's embargo on Iranian oil exports will add upward pressure to oil prices, OPEC's secretary general said on Monday, even though there is no shortage of oil on the market. Read More »
VENICE (Reuters) - The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glassmaking industry. Read More »
NEW YORK (Reuters) - Stocks rallied on Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's budget rules to help restore market confidence after a two-year sovereign debt crisis. Read More »
ROME (Reuters) - Newly installed Prime Minister Mario Monti got straight to work at the weekend, reviewing Italy's parlous finances before a round of meetings in coming days with European leaders to discuss the growing euro zone debt crisis. Read More »

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