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A bank-by-bank test of financial stability due on Friday is expected to conclude that Spain's lenders are dangerously over-burdened with toxic debts and need to be recapitalised, restructured or shut down. The stress test is expected to show a ...
There is now a 90 percent chance of Greece leaving the euro zone over the next 12 to 18 months, according to Willem Buiter, chief economist at Citi. “Our base case (for the euro zone) is for prolonged economic weakness and financial market strains ...