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Italy wants the eurozone bail-out funds to purchase bonds from troubled countries (Photo: g20.org)

Merkel under pressure to move on Spain and Italy

With borrowing costs in Spain and Italy at unprecedented highs, German Chancellor Angela Merkel came under increased pressure at a gathering of the world's 20 top economies (G20) in Mexico to accept the use of eurozone bail-out funds to help them out.

In their final communique, Germany, France and Italy, the G20's three euro-area members said they would take "all necessary policy measures to safeguard the integrity and stability of the area, improve the functioning of financial markets ...

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