Wednesday, June 27, 2012

Is the euro beyond salvation?

Is the euro beyond salvation?: LONDON, June 28 — Here is a nightmare for Europe’s leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: A bond auction fails in Spain, spreading solvency worries to Italy and beyond and triggering uncontrollable bank runs that spell the single currency’s end. Is such a scenario likely? Policymakers hope not. Is ...


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