Spain, Ireland and Portugal, under solid political leadership and guidance by freshly elected governments, leave out in the cold Italy and Greece in the efforts of the Eurozone to effectively counter its problems only hours before the year wears out. Those last two countries having exhausted their political system in the fight to control public deficits and debts, have now turned to technocrats for the top government jobs.

Obviously the question is if the Eurozone will manage to effectiv...

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