Next step in solving debt crisis is left up to the ECB.
By Simon Kennedy and James G. Neuger, Bloomberg|December 09, 2011 at 03:54 AM|Originally published on Treasuryandrisk.Com
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European leaders’ blueprint for a closer fiscal union to save their single currency left the onus on central bankers to address investor concerns that Italy and Spain would succumb to the two-year-old financial crisis.