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2011-07-25 — nytimes.com
`` The potential problem is that, after Germany and France, the facility's next largest guarantors are Italy and Spain. And they happen to be the two countries that, with their fragile banking systems and high financing requirements, may be next in line for a bailout if the crisis deepens... With signs of anxiety resurfacing late Friday -- a rally by Spanish bonds fizzled at the market's close -- the idea that investors would wait patiently for two months for Europe's leaders to provide the fine print on their grand proposal was met with disbelief in some quarters. ''
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