Eurobonds Alone Can’t Fix Europe’s Debt Crisis

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As if the economic situation in Europe had not been bad enough of late, an even scarier picture has developed over the past few weeks. Greece is mired in political chaos and seems to be hurtling toward a euro exit. Meanwhile, new questions are emerging about the solvency of some major Spanish banks, and it now appears that much of the eurozone is experiencing what is being called a “slow-motion bank run.” Coupled with the fact that nearly 20 European Union summits have yet to find a solution to the 2-year-old crisis, it is no surprise that uncertainty about the […]

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