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European shares hit by Italian political turmoil
Reuters) - European shares fell on Monday as political ructions in Italy added to fears of contagion from the euro zone debt crisis, which hit cyclical stocks and banks and overshadowed a tentative deal to help push through a bailout package for Greece.
The early decline follows a 3.8 percent fall last week for the FTSEurofirst 300 .FTEU3, ending a five-week rally, and comes ahead of a euro zone finance minister meeting to flesh out plans to boost the region’s bailout fund.
An Italian parliament vote on Tuesday to debate austerity cuts has become a key test of Prime Minister Silvio Berlusconi’s government.
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