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Monti plans "Greek-style" takeover of Sicily to avert default

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At www.telegraph.co.uk

Sicily's regional councillor Andrea Vecchio warned that the island has run out of money. 'I'm afraid we will soon no longer be able to pay civil servants' salaries,' he said. 'The developments in Sicily are very serious,' said Prof Giuseppe Ragusa from Luiss University in Rome. 'It is just the sort of negative shock we don't want right now. Everything has to go perfectly for Italy to pull through.'

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At www.telegraph.co.uk


 

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