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Stocks, euro fall as debt fears grow

World stocks and the euro fell while gold hit record highs on Monday as disappointment over financial health checks on European banks and escalating U.S. and euro zone debt problems sent investors scrambling for safe haven assets.
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Germany wants major private contribution to Greece

German Chancellor Angela Merkel said on Sunday she was not aiming for a forced restructuring of Greek sovereign debt, but wanted private sector investors to make a major contribution to a voluntary scheme to rescue Greece.
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Samsung LED files complaint against Osram in U.S.

Samsung LED Co. Ltd. said it had filed a complaint with the U.S. fair trade commission to ban imports of LED products from Siemens' (SIEGn.DE) light bulb unit Osram and affiliates Osram Opto Semiconductors and Osram Sylvania Inc.
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ECB's Bini Smaghi favours EFSF debt buybacks

Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper.
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Greece could cut debt through a buyback: report

Greece could cut its public debt by 20 billion euros ($28.3 billion) if it bought back sovereign bonds at market prices as part of a rescue deal, German weekly magazine der Spiegel reported, citing finance ministry sources.
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Euro zone summit on Greece called for July 21

Euro zone leaders will meet in Brussels on July 21 to discuss a second bailout package for Greece and the financial stability of the euro area, European Council President Herman Van Rompuy said on Friday.
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Europe's banks brace for clutch of health test failures

A health check of European banks is expected to show that as many as 15 lenders need more capital to withstand a prolonged recession, with criticism growing that the tests do not encompass the impact of a Greek default.

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