January 13, 2011
The European Central Bank has staved off another euro debacle. How much longer can it hold out on its own? The question is answered by patchy pledges of more sovereign support from governments themselves.
Greek Finance Minister George Papanconstantinou has been able to reveal that the European Union within the next two months will take big decisions that will resolve the euro-zone debt crisis "once and for all."
He's seconded by European Commission President Jose Manuel Barroso, who wants more money in the EU's bailout fund and sees a pact next month, with broader scope for government support.
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