Euro SOS — time for ECB to launch the lifeboat

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Euro SOS — time for ECB to launch the lifeboat

While the Irish rescue package rescued Ireland, it has not helped the rest of the periphery. Despite hopes over the weekend, it has not stopped contagion spreading to Portugal and Spain. For that to happen, policymakers need to focus on the tools they have at hand. Time for the European Central Bank to get serious.

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