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Eurozone
Europe is being eclipsed as the geopolitical heartland of world affairs
It is a mess, and at a moment of maximum danger, no one knows anymore what the central bank can or can’t do anymore
What would be the consequence of France quitting the euro quickly?
Leaving Italy to fend for herself could cause widespread Italian defaults, triggering defaults by those who have lent to the Italian government and banks
Across the eurozone, the response is always far slower than it should be
