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News Link • Economy - International

Banks Build Contingency for Breakup of the Euro

• NY Times
For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen. 
But some banks are no longer so sure, especially as the sovereign debt crisis threatened to ensnare Germany itself this week, when investors began to question the nation’s stature as Europe’s main pillar of stability.

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Comment by Powell Gammill
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OECD figures suggest Britain's economy will slip back into recession at the start of next year

Germany, France plan quick new Stability Pact: report

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