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ECs Barroso calls crisis systemic; ECB buys Spanish, Italian bonds.
U.S. House subcommittee approves repeal of swaps push-out rule.
Republican plan would raise $300 bln by overhauling the tax code.
Mention of possible euro exit exacerbates European debt crisis.
Accounting regulator Doty says China should permit U.S. inspectors to review auditors.