Any hope for Europe?

Any hope for Europe?

HELSINKI - The European continent looks solid, geologically. The European Union may well plod on, give or take a few countries. The euro area and currency are less safe bets.

We can be almost sure of European countries and banks being downgraded, of high borrowing costs for most governments and of recession compounding the problems.

We can also see that a number of European summits have failed to catch up with the markets. Few international partners are going to fill the empty coffers...

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