Top sovereigns keep a level head amid the crisis

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Top sovereigns keep a level head amid the crisis

In 2010, the financial crisis worked its way up to the highest level: that of sovereign states. Greece began the year attempting to demonstrate it still had access to public bond markets. It did; but only until the spring when an EU and IMF bail-out allowed it to retreat for at least two years to lick its wounds and put its house in order, thereby suppressing talk of the destruction of the eurozone, at least for the time being.

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