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.

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.

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