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News Link • Economy - International

Bail Out Europe's Banks?


The European Union is hoping that aid to Greece and Ireland combined with closer economic policy coordination will be enough to put an end to the euro crisis. But that's not likely, warns US economist Barry Eichengreen (left). First and foremost, he says in an interview with SPIEGEL, Europe needs to help out its ailing banks. – Der Spiegel

Dominant Social Theme: Banks are the world's most precious industry. Not a single one should fail.


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