Global stocks rally slows sharply on Tuesday
* Asian shares take breather after biggest 1-day rise in a yr
* Euro dips, trims much of gains made on EU's rescue package
* Some doubts about how some euro countries will cut deficits (Repeats to more subscribers)
By Masayuki Kitano
TOKYO, May 11 (Reuters) - A massive relief rally in world stocks on news of a $1 trillion deal to resolve Europe's debt crisis slowed down on Tuesday in Asia on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
The euro, which had initially surged on the news of the package put together by EU finance ministers, central bankers and the IMF, was slightly weaker on Tuesday and well off its Monday high. [ID:nTOE64907Z]
The European rescue package, together with a pledge from the European Central Bank to buy government bonds, helped ease worries about the risk of contagion from Greece's debt crisis.
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