TOPWRAP 4-Debt fears cloud economic recovery picture

Newswire

* Euro zone business climate index up though off low base * Leading index also up; hopes economy may be bottoming * Gov't bond yields sharply higher amid debt concerns * European shares track Asia, U.S. lower By Richard Hubbard and Andrew Marshall LONDON/SINGAPORE, May 28 (Reuters) - The pace of economic decline in western Europe is slowing, data showed on Thursday, though activity remains subdued and prospects for global recovery have been darkened by governments' future borrowing ...

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