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Euro debt markets face 2nd debt crisis in 2011
| Bottom line: both governments and banks will need to sell a lot of bonds this year in order to refinance or offload previous debt. Is there sufficient liquidity for them to borrow their way out of trouble? And if not, will we see another 2008-style credit crunch bring the international finance system grinding to a halt? |
Posted by: 2011-01-02 |
