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A Shaken Europe Looks for Bolder Fixes

  • 19.08.2011
  • By Charles Forelle - online.wsj.com
euro

A dramatic selloff in European financial markets on Thursday renewed fears that Europe's banks are too weak to withstand the Continent's debt crisis, increasing the chances that the region's leaders will be forced to pursue radical steps toward fiscal union in order to preserve their common currency.

For more than a year and a half, the euro zone's strategy has been to buy time for its weak nations to regain...

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