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September 6, 2012

The Euro Will Face a Series of Existential Crises

Bruce Crumley, Time

AP Photo

As Eurozone member states move to confront the continent’s enduring debt crisis amid a tightening recession, summer’s end may herald the onset of an autumn for the common currency itself. Over the next six to eight weeks, European Union officials and national governments will be forced to make choices in the battle to contain the financial emergency that could drive borrowing costs for cash-strapped member states beyond reach.

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TAGGED: Euro, Eurozone

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