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Obama may now take the gloves off with Europe
U.S. irritation with Europe’s inability to solve the euro crisis is likely to come increasingly to the fore after Barack Obama’s re-election. The U.S. president’s relatively compelling victory will have three effects on the further development of economic and monetary union (EMU), none of them positive. First, after months in which Obama and his team have made clear that they want Greece to stay in the euro to prevent a damaging pre-election financial collapse, the re-elected president will now have a much freer hand to say what he thinks about Europe’s euro irresolution. If Obama decides to take the gloves ... (full story)
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