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ESM is not there to buy bonds yet, and Germany is still the key
German approval remains crucial if a country wants to tap the ESM.
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Morgan Stanley: Here's why last week's EU summit was a big positive
Morgan Stanley’s Joachim Fels is confident that last week’s summit was an important step forward...
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Eurosummit: much ado about something?
...as is Karl Whelan.
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Europe’s small step on a long road
Delusional economics is less convinced, with concerns over the summit statement’s vagueness. However, it’s still being seen as a positive – which may be telling as to how low expectations were.
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The four paths forward for the euro area
Where next for the eurozone?
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