SPAIN DEBT CRISIS

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Eurozone Gets New Bailout Fund

A new permanent bailout fund for the eurozone will come in to force later Monday at a meeting of eurozone finance ministers in Luxembourg. The European Stability Mechanism (ESM) is designed to suppor...
AP

Flaherty: Market Meltdown Will Be Averted

OTTAWA - North American markets are likely to face more selling pressure today following a downgrade in the United States' credit rating and a worsening debt crisis in Europe. Both factors now threate...