A week and a half ago everyone was predicting Europe’s collapse. Now things are looking up as investors are optimistic about the upcoming meeting of the EU leaders this weekend.
But the promise that all fiscal owes in Europe such as much need Greek bailout and bank recapitalization will be resolved magically overnight is unrealistic.
What is really going on with the Euro states and their banks, and how is the crisis affecting the U.S. markets?
Produced by Kamelia Angelova & Robert Libetti
Intro music: Hey by Juanitos
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