IPFS News Link • Economy - International
Banks Build Contingency for Breakup of the Euro
• NY TimesFor 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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1 Comments in Response to Banks Build Contingency for Breakup of the Euro
http://www.telegraph.co.uk/news/politics/8917161/OECD-figures-suggest-Britains-economy-will-slip-back-into-recession-at-the-start-of-next-year.html
Germany, France plan quick new Stability Pact: reporthttp://www.reuters.com/article/2011/11/27/us-eurozone-integration-ecb-idUSTRE7AQ00F20111127