Photographer: Angel Navarrete/Bloomberg
Lower bond yields won't placate Europeans angry about unemployment and austerity.
The message coming from the European Central Bank seems to be that the debt crisis has passed and the time for austerity is finally over. Was that ever the right approach?
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Size of Argentina's 2001 default. The country is on the hook for as much as $15 billion of that in the wake of the latest court ruling.
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