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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Amount Bank of America will pay in its latest mortgage-loan related penalty. BofA has booked more $70 billion in home-loan related expenses under current chief Brian Moynihan, mostly related to the 2008 Countrywide takeover.
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