Its proudest creation, the euro, may yet be overwhelmed by the ensuing sovereign-debt crisis.
One way or another, the sovereign-debt crisis is pushing euro-zone countries into deeper integration.
This might seem incredible in light of the sovereign-debt crisis which loomed so large in 2010.
It is now being discussed as a possible model for resolving Greece's sovereign-debt crisis.
And yet, when it comes to the sovereign-debt crisis, Germany is prepared to live with the risk of economic meltdown.
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It says the euro zone is afflicted by three ills: a banking crisis, a sovereign-debt crisis and a growth crisis.
Mr. Tjornehoj said this strategy could work in 2012, given the uncertainty about a solution to the euro zone's sovereign-debt crisis.
Faster expansions in Brazil, China and India are helping to protect the global recovery as a sovereign-debt crisis weighs on Europe.
The Socialist candidate explained how he would seek to expand Europe's response to the euro sovereign-debt crisis to incorporate more growth-driven policies.
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If Portugal's request was predictable, the outcome of this latest stage in the euro area's sovereign-debt crisis is less easy to gauge.
On May 7th, euro-zone leaders met in Brussels to consider a less tangible but more dangerous threat to Ireland's limping economy: Europe's sovereign-debt crisis.
If European leaders fail to present credible plans to resolve the sovereign-debt crisis at their summit in March, that may well seal Portugal's fate.
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Inflows on that scale would help to explain why the euro has continued to do better than many expected given the zone's sovereign-debt crisis.
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No wonder EU leaders are struggling to cure the sovereign-debt crisis.
The euro's rise, Germany says, indicates that trust is being restored in the currency as progress is made toward overcoming the euro zone's sovereign-debt crisis.
Markets had another unsettled week amid continuing worries that officials in the euro area have failed to resolve the sovereign-debt crisis in the currency block.
Worries about the euro zone's sovereign-debt crisis and slowing growth in the U.S. have sent global investors into the safe harbor of the U.S. government bond market.
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The effort was seen as giving political leaders more time to tackle the sovereign-debt crisis and was followed by stronger U.S. economic data that also supported stocks.
Gold demand in general has soared globally this year, as a result of the sovereign-debt crisis in Europe and the Federal Reserve's new round of bond buying.
The year was defined by fits and starts related to Europe's sovereign-debt crisis and global economic growth concerns, prompting investors to flock to defensive and dividend-paying stocks.
And those banks hold piles of Greek and other European government bonds, exposing them to large potential losses if the European sovereign-debt crisis takes a turn for the worse.
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Participants were reacting to the loss of high-quality Libyan crude and its subsequent faster-than-expected resumption, Middle East unrest, the U.S. credit-rating downgrade over the summer, and the ongoing euro-zone sovereign-debt crisis.
The European sovereign-debt crisis is exposing tremendous structural imbalances.
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Bernstein Research estimates that these unsold houses will take four to five years to clear, and even that may be too optimistic given high unemployment, the threat of a sovereign-debt crisis and fewer immigrants.
Like other base metals, aluminum has tumbled from its highs earlier in the year on worries about the strength of the global economy and thus potential industrial demand, particularly as the European sovereign-debt crisis continues.
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Mr. Hollande continued to point to what he described as his own influence in shifting the focus within Europe away from a diet of fiscal discipline alone as a means out of the protracted sovereign-debt crisis.
Europe is the largest investor in Australia, according to the government, which explains why the RBA cites Europe's sovereign-debt crisis as its reason for cutting interest rates this month, while maintaining growth in China remains solid.
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Furthermore, although there has been some form of a conclusion to the Greek debt crisis, there hasn't been a resolution to the sovereign-debt crisis in Europe and the inability of banks to warehouse risk due to risk and regulatory considerations, said analysts at Nomura.
The Europeans are the world masters at organizing conferences in Brussels committee rooms, however, now they are rapidly running out of time and credibility as they have sought to stem the forest fire of a sovereign-debt crisis almost a year after the Greek bond market hits the buffers and needed a bailout.
This is a big, positive step for the EU in its three-year-old sovereign debt crisis.
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