Europe’s Real Puzzles Can’t Be Answered in a Crisis: Clive Crook
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Dec. 7 (Bloomberg) -- Financial markets will make aninstant judgment on this week’s summit of European Unionleaders, and it had better be favorable.
If the meeting stifles the recent panic and Europe’s bondyields subside, well and good. If the leaders keep vacillatingor if the talks break down, the catastrophe that markets havebeen fearing for months could be upon us.