Thursday October 22, 2020

Act now to avert a eurozone catastrophe

So the euro crisis appears to be reaching its crunch stage. Just consider where we are. Three countries are in a bailout and Italy and Spain are effectively locked out of borrowing markets - or close

27th November, 2011

So the euro crisis appears to be reaching its crunch stage. Just consider where we are. Three countries are in a bailout and Italy and Spain are effectively locked out of borrowing markets - or close to it - and thus at risk of default. Nerves are so fraught that even Germany failed to sell all the bonds it wanted at an auction during the week.

The European financial and banking system is under significant...

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