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Euro credibility is at risk from holes in EU policy

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Uploaded by on Apr 29, 2010

http://www.tradingfloor.com - Continued debt problems in Greece, Portugal and Spain have exposed a serious hole in EU policy-making, according to Saxo Bank's Chief Economist David Karsboel. The 3% budget deficit rule has been ineffective and German, French and Swiss governments now have to navigate between saving Greece or saving their own banks. The holes need filling if the Euro is to maintain credibility.

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