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Euro Crisis Concerns Return with Political Chaos in Spain and Italy
Lately, the euro crisis seemed to have been fading into the background. But corruption allegations in Madrid and the potential comeback of Silvio Berlusconi in Rome have investors nervous. Interest rates on Spanish and Italian bonds have ticked upwards as a result. There are, to be sure, several promising indications that the euro-crisis may be easing its grip on the European common currency area, particularly since the European Central Bank vowed last year to buy unlimited quantities of sovereign bonds from crisis-stricken euro-zone member states. A new indicator emerged on Tuesday. The euro-zone purchasing ... (full story)
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