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Index: Currente Calamo

The drama of the eurozone, in Japanese.

It was one of the most expensive pile-ups of all time. “We need to go fast,” Sarkozy said.

The planet’s banks agree to rent a little wiggle room.

Reuters quoted Sarasin’s chief economist who pointed out that the bank action “is not the cure” for Europe’s financial problem, which ultimately can be solved only by cutting spending sufficiently to avoid creating more debt.

In Tehran, ‘storming’ is not the same as ‘occupying’.

At least the mob left.

A voice from on high at American Airlines.

AMR is spending more than it’s making.

Eurozone: The object hitting your head is the sky.

The biggest question in Europe isn’t what it was a few weeks ago. It is no longer just whether any of the 17 governments in the euro zone will default on its debts; increasingly it is whether the euro zone will survive in its current form at all.