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Wednesday, January 23, 2013

Eurozone debt burden stuck amid low growth

A female panhandler stands on a corner of a busy shopping street in the old part of Cyprus' capital Nicosia, on Wednesday, Jan. 23, 2013. Cyprus says that international allegations it is a haven for money laundering amount to a "war" and must stop. Cyprus is trying to finalize an agreement with the European Commission, the European Central Bank and the IMF on a bailout to help rescue its banks, which lost billions on bad Greek debt. (AP Photo/Petros Karadjias)BERLIN (AP) — The eurozone failed to reduce its government debt in the third quarter of last year, as meager growth offset efforts by several of the bloc's 17 nations to improve their finances by cutting spending and raising taxes, according to official data released Wednesday.



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