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Additionally, the company will also manage the banks data centers in Cerdanyola del Valles and San Cugat, Caixa is expected to spend about 2 billion euro (approx $2.6 billion) for its IT budget over the next ten years, with half of the allocated amount being shared by IBM and Silk for its services to the bank.

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Concerns about the eurozone were causing a lot of companies to put investment on hold, said David Owen, chief European economist at Jefferies International.

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