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Obama fires parting shot at EU austerity, backs Renzi

Outgoing US President Barack Obama has fired a parting shot at EU leaders over their economic policies and offered strong backing to Italy's Matteo Renzi ahead of a crucial referendum. Renzi, the Italian prime minister and the most prominent critic of the European Union's emphasis on fiscal rigour over efforts to foster jobs and growth, is due at the White House on Tuesday for the final state dinner of the Obama administration.
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