Euro debt warning

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This morning, the German Chancellor, Angela Merkel, reiterated her opposition to the issuance of Euro bonds and any larger role for the European Central Bank (ECB) in solving the sovereign debt crisis. In her speech to the German Parliament she underlined the need for tighter Eurozone fiscal integration and a need for change in existing treaties. At home, in its second-half financial stability report, The Bank of England has warned that the Eurozone debt crisis and the banking sector credit squeeze, pose an increasing threat to Britain’s financial stability.

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Euro debt warning

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