Eurozone crisis: "An intense game of chicken that can be solved"

Oct 27, 2011

Investors are captivated by fear of default contagion, driving market liquidity to determine sovereign solvency. This is wrong, but there is reason for optimism, says Western Asset.

A design flaw in monetary union is to blame for the eurozone crisis, although the prospect of a catastrophic breakup remains remote and there are grounds for optimism, a forum has heard.

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