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Italy debt fear sparks stock market drop

The Italian stock market has fallen by more than 4% over fears that the eurozone's debt crisis is spreading.

Other European stock markets fell heavily on Monday: in France the Cac index fell 2.7%, Germany's Dax fell 2.3%, and London's FTSE 100 was down 1%. US markets were also down.

Eurozone finance ministers were holding talks on a new aid plan for Greece, but this was overshadowed by fears of contagion spreading to Italy and Spain.

David Willey reports from Rome.

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