No quick fix for euro, says SocGen

A costly breakup of the eurozone is unlikely, according to Societe Generale, but there are also no quick solutions to turn the situation around.

No quick fix for euro, says SocGen

The eurozone debt crisis continues to cast a shadow over markets entering 2012, though there is no immediate risk of a eurozone breakup, said Societe Generale at a media briefing this week. The euro will survive in the end, but the process will be long, painful and muddled, the bank added.

Most concerns centre on Italy, given that it has the second-biggest share, or 23%, of the total eurozone government debt and may not be...

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