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Monday, March 11, 2013

Banks saved, but Europe risks "losing a generation"

European Parliament President Schulz answers a question during the Reuters Future of the Euro Zone Summit in BrusselsBy Luke Baker BRUSSELS (Reuters) - Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said. Since the region's debt crisis erupted in Greece in late 2009, the European Union has created complex rescue mechanisms to prop up distressed countries and their shaky banking sectors, setting aside a total of 700 billion euros. ...



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