With a Black Eye, the Euro Will Survive

With a Black Eye, the Euro Will Survive

"The Euro Is Heading for a Crackup."

Don't bet on it. Sure, things look bad. The crisis, well into its third year, has forced Greece, Ireland, Portugal, Spain, and now Cyprus into various forms of international financial rescue programs, and it shows no signs of abating. After two years of denial and half-measures, market participants have little faith in the ability of Europe's policymakers to reach a solution.

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