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Firm action needed to deal with financially troubled eurozone

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Demand for the inaugural €5 billion ($6.9 billion) tranche of European financial stability facility (EFSF) bonds – instruments issued to help financially troubled euro member state Ireland (which gets €3.3 billion of the money) meet its debt obligations – was higher than many market participants expected. That happened in part due to strong commitments from Asia, including the Japanese government

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