At the dawn of 2012, and according to the current wisdom during the deepening sovereign debt crisis in the Eurozone with the contagion effect having badly shaken Italy both financially and politically, one could legitimately expect that the overall image of the single money zone is now worse than it was six months ago.

But no, in fact – reality stands as a witness to the contrary, and there is no better proof than what happened at the beginning of this week in the German capital mar...

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