Will Credit Crunch Destroy the Euro Zone?

Business sentiment is deteriorating across the euro zone as the year-old credit crisis leads to recession in the U.S. and Britain

Anybody who believes the Eurozone is immune to the havoc created in the Anglo-Saxon economies by the credit crunch would do well to look again. Recent figures suggest the outlook for the EU-15 is poor—and if one factors in weakness of the Eurozone's economic governance, the outlook is positively grim.

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