EU Starts Two-Week Austerity Scrutiny as Crisis Reawakens

The European Union started a two-week probe of euro-area governments’ draft budgets as a re-emergence of the bloc’s debt-crisis nightmare risked undoing its economic recovery. As yields on 10-year securities from Europe’s most-indebted nations surge, led by Greece and sweeping up Portugal, Italy…

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EU Starts Two-Week Austerity Scrutiny as Crisis Reawakens

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