Political Economy: A Low-Cost Plan for Keeping Euro Intact
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Political Economy: A Low-Cost Plan for Keeping Euro Intact

Berlin : Germany | Jun 25, 2012 at 6:14 AM PDT
Source: International Herald Tribune
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June 25, 2012 The breakup of the euro would be a catastrophe costing trillions. An interest subsidy costing about 50 billion over seven years could help save it. The immediate problem is that borrowing costs for Spain and Italy 6.3 percent and 5.8 percent, respectively, for 10-year bonds have reached... FULL ARTICLE AT International Herald Tribune
 
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