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December 18, 2012

The Inevitable Return of Europe's Crisis

Nouriel Roubini, Project Syndicate

AP Photo

The risks facing the eurozone have been reduced since the summer, when a Greek exit looked imminent and borrowing costs for Spain and Italy reached new and unsustainable heights. But, while financial strains have since eased, economic conditions on the eurozone’s periphery remain shaky.

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TAGGED: Germany, Italy, Spain, Greece, Eurozone, Europe

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