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FT debts carnage.

Europe Intelligence Wire

| June 30, 2010 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Daily Star)

Byline: BILL MARTIN

MORE than GBP40billion was wiped from Britain's biggest companies yesterday.

Fears over the European debt crisis and global growth prospects re-emerged with a vengeance.

The FTSE 100 tumbled 3.1%, or 157.46 points, to 4914.22, its lowest level since September last year.

US, French, German and other stock markets plummeted alongside the euro and commodities as the rout assumed global proportions.

Fears over the strength of Europe's financial system mounted ahead of a deadline tomorrow for the Continent's banks to repay …

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