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Eurozone debt crisis

January 30, 2012

Europe has little time left to implement critical fiscal reforms aimed at keeping the eurozone intact, avoiding a default by Greece and preventing a possible collapse of the common European currency.

A Greek protester shouting anti-government slogans
Turbulent times for the eurozone debt crisisImage: dapd

Months and months of public admonitions and warnings, coupled with feverish backroom squabbling on how to deal with the Greek debt crisis and its effects on eurozone economies, are now coming to a head as European Union leaders meet in Brussels for an EU summit. Negotiations are set for an EU budget pact, and hopes for a breakthrough are high.

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