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Europe's do-it-yourself market is set to shrink by 1.5 percent this year and the outlook for 2009 is even bleaker as economies contract and housing markets grind to a halt, a report said on Friday.

IMF approves 12.3 bln euro loan for crisis-hit Hungary (AFP via Yahoo! UK & Ireland News)
The International Monetary Fund said Thursday it had awarded a loan of 12.3 billion dollars (15.7 billion dollars) to Hungary to help the country combat negative fallout from the global financial crisis.