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Euro Rescue Raises Hopes and Questions

by William Newman

May 11, 2010

The Council on Foreign Relations gives its take on this week's massive Eurozone bailout.  Go big or go home.  This will impact the availability of liquidity in the Eurozone market for some time, while spreading the austerity measures to some countries that until now had been weathering the recession rather well.  Look for import levels to ebb in the coming months as a result.  Bad news for non-Eurozone countries.

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