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Preview - Markets call time on Euro elite
Euro-zone efforts to defuse the debt crisis will certainly dominate the week ahead with leaders facing a crucial summit on October 23rd. The time for promises has certainly come and gone and the Euro will face collapse if there is inadequate progress at this summit. There is a high risk that politics will demand more time to find a solution while the markets will effectively say that time has run out and this clash will guarantee very high volatility over the week. Merkel and Sarkozy can devise a plan, but this does not guarantee implementation. Euro-zone officials know that the markets will demand answers and, above ... (full story)
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There is always a price for promises you don't keep!
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