Europe Fights the Growing Currency Crisis

In spite of massive cash transfusions and bailout packages, the euro-zone has started trembling again in the summer of 2011 over its weakest members. The future of the common currency is, again, at stake. Ireland and Portugal will receive billions of euros in support, and a second bailout for Greece is in the works. And just as European politicians were starting to think about their summer vacations, Italy's public debt has slipped into focus.

• Primary Source

EurActiv, 15.7.11: Titanic spectre looms large over world finance http://www.euractiv.com/euro-finance/titanic-spectre-looms-large-worl-news-506577

Deutsche Welle, 14.7.11: Looking for a silver bullet to solve Europe's debt crisis http://www.dw-world.de/dw/article/0,,15236204,00.html

PressEurop, 15.7.11: Paralysis http://www.presseurop.eu/en/content/editorial/778231-paralysis

ESO: Background information: Germany in no rush on further Greek rescue http://www.europeansources.info/record/germany-in-no-rush-on-further-greek-rescue-imf-urges-greek-debt-burden-sharing-merkel-warned-on-greek-bail-out-standoff/

EUObserver, 14.7.11: IMF slams EU over slow-moving crisis reponse http://euobserver.com/9/32630

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