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Drowning in debt, EU hits moment of truth

  • 16.10.2011
  • Breitbart
merkel sarkozy hand shake

European leaders will hold a crisis summit on October 23 in Brussels, Belgium, to stop the eurozone and the euro currency from dissolving. The leaders must determine a way for Greece to safely default, how much capital the banks will need if such an event were to occur and come up with methods to stop a repeat of the situation if another state should default.

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