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News Summary: Spain calls for European integration

By The Associated Press
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THE NEWS: Spain’s Prime Minister called for greater European fiscal and banking integration to save his country and the wider 17-country eurozone as Madrid’s key borrowing rate closed at a euro-era high.

THE DETAILS: Mariano Rajoy told Spain’s lawmakers he is calling for new measures that might help weaker states like Spain. Those could include sharing debt burdens across countries or guaranteeing bank deposits across the eurozone.

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