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More of a temporary setback and more centralized decisions and restrictions in the future. I really can't see anything not normal happening for a new currency/"government in the making" on the block.


You may see this as a "normal" transition period but that doesn't mean EMU will survive intact. Sovereign debt crises (plural) and bank solvency are huge problems for several EMU states.

If one EMU state defaults on sovereign debt, there will be a chain reaction in the banking system and the debt markets. Several states are at risk of defaulting.

The politics remain highly unpredictable.




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