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Global markets down on debt fears in US and eurozone

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by BBC News

November 21st, 2011

Markets worldwide have tumbled on fears over global debt - with another impasse due in the US and continuing fears over the eurozone crisis. US shares fell 2.5%. The main German and French indexes fell more than 3%.

Markets worldwide have tumbled on fears over global debt - with another impasse due in the US and continuing fears over the eurozone crisis.

US shares fell 2.5%. The main German and French indexes fell more than 3%.

The special US committee charged with cutting the US debt - currently at $15tn (£9.5tn) - is on the verge of failure.

And in Europe, Spain became the third eurozone member in as many weeks to change government.



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