No respite for shattered core sovereigns

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No respite for shattered core sovereigns

January 18, 2012 12:00 AM

2011 was a year to forget for the Eurozone. Summit after summit of euro area leaders failed to solve the systemic problems endemic in parts of Europe, threatening the euro project as a whole. Talk of it breaking up altogether became more prevalent. Risk aversion increased sharply towards the end of the year and the European government bond market closed 2011 in as bad if not worse a shape as in 2008/2009. Jo Richards reports.

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