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BIS Urges Europe to Fix Sovereign Debt Crisis ‘Once And for All’

The Bank for International Settlements urged Europe to end its dithering and find a permanent solution to the sovereign debt crisis.

“For well over a year, European policy makers have been scrambling to put together short-term fixes for the hardest-hit countries while debating how to design a viable and credible long-term solution,” the BIS said in its annual report published today in Basel, Switzerland. “They need to finish the job, once and for all.”