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Financial Focus highlights

· Europe told to prepare for years of reform

· ECB denies rejecting recapitalisation of Bankia

· France unlikely to hit next year’s deficit targets

· Greece on course to elect anti-bailout party

· UK SME’s offered £500m of credit easing

· Japan ready to restart idled nuclear reactors

· Investors panic as EC warns of “financial disintegration”

· Nikkei slides as exporters hit by strong yen

· Yen gains from Europe’s credit crisis

· Oil enters bear market on Europe debt crisis

· Gold poised for worst run for 13 years

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