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Debt Crisis: Prepare For Lehmans Re-run, Bank Official Warns, As Leaders Poised To Bail Out Spain And Italy

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www.telegraph.co.uk:

European leaders are poised to use two rescue funds to buy Spanish and Italian debts in a £600bn bail-out, as a Bank of England policy maker tells traders to prepare for a devastating market seizure like that seen as the collapse of Lehman Brothers.

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