-- Euro falls sharply after S&P downgrades Italy -- Euro also hit by report of possible referendum by Greece on euro-zone participation -- China bank cuts credit lines with European counterparts TOKYO -(Dow Jones)- The euro was lower in Asian trade Tuesday, hit by a downgrade of Italian debt by Standard & Poor's, a report that Greece may consider holding a referendum on whether to leave the euro zone, and news that a large Chinese bank has suspended swap deals with some European counterparts. "The European problems, including those of Greece, are transforming into an issue of deleveraging in the ...

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