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2012-11-05

Wolfgang Münchau Why I remain a pessimist on Europe’s solvency - FT.com

Last week I asked how it could be, that somebody who was pessimistic about the eurozone six months ago could be optimistic today?

If you always thought it was just a liquidity crisis, you should not have been worried then, and you would be right to be optimistic now.

If you thought of it as a solvency crisis, as I did, you should still be worried now.


Why I remain a pessimist on Europe’s solvency - FT.com

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