Thursday, May 31, 2012

My Way News - Euro structure is 'unsustainable,' ECB chief warns
My Way News reports: "The head of the European Central Bank warned Thursday that the euro currency union is 'unsustainable' without stronger political and financial ties, and called for a new course to save it from a crippling debt crisis [...] in just over two weeks Greece returns to the polls with the real possibility that it might elect a government that rejects the terms of its multibillion-dollar bailout. This could force the country out of the euro, irreparably fracturing the eurozone and further roiling markets."

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