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Eurozone: Are the building blocks falling into place?

Eurozone: Are the building blocks falling into place?

Written by Simon Tilford, 26 September 2012

On the face of it, September was a good month for the euro. For once, market expectations were met. The European Central Bank (ECB) belatedly opened the way for action to address the ruinous polarisation of government borrowing costs in the eurozone.