Germany Doesn’t Help Europe by Undermining the Euro
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Aug. 22 (Bloomberg) -- Investors are bracing themselves foryet another euro-area moment of truth. How many does that make?
The European Central Bank’s policy-making body meets Sept.6 amid speculation that it will try to strengthen the eurosystem by capping borrowing costs for Spain and other distressedgovernments. Even as rumors, denials and clarifications swarmaround that question, Europe’s finance ministries are alsodeciding whether to give Greece more time to mend its publicfinances.