Bigger EU firewall won't stop financial contagion

CBS News Monday 26th March, 2012

desperately trying to increase the size of its emergency relief fund . The problem is that if the former is true, then you have no need for the latter. Yesterday, the German government reversed itself and backed a $266 billion increase for a firewall supposed to stop the spread of financial contagion in Europe. For weeks Chancellor Angela Merkel ...

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