The Euro’s Latest Reprieve
Like an inmate on death row, the euro has received another last-minute stay of execution. The markets are celebrating, as they have after each of the many “euro crisis” summits – until they come to understand that the fundamental problems have yet to be addressed.
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NEW YORK – Like an inmate on death row, the euro has received another last-minute stay of execution. It will survive a little longer. The markets are celebrating, as they have after each of the four previous “euro crisis” summits – until they come to understand that the fundamental problems have yet to be addressed.