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JPMorgan: Expect long-term damage in Spain

The current scandal surrounding Spanish Prime Minister Mariano Rajoy will not disappear any time soon and investors should expect ongoing volatility, according to the European research team at one of the world's largest banks.

Italy's Monti blasts democracy

Italian PM Mario Monti is the only leader of a huge, developed "democracy" who didn't get into their position by winning an election. Now he's apparently infuriated the rest of Europe by criticizing a key tenet of a democratic system.

Euro crisis endgame: 9 steps to wrapping up this mess

Last week, European Central Bank President Mario Draghi laid out the framework for the next developments he wants to see in Europe. Considering how important the ECB has been in slowing the crisis, it is likely that the ECB will get what most of what it wants. Here are the next steps to look for.

Europe is setting itself up for massive disappointment

Headlines generated by some promising statements from European Central Bank President Mario Draghi late last week have stirred investor belief that European leaders — and in particular the ECB — are about to announce some game-changing crisis-averting measures. But investors shouldn't get ahead of themselves just yet.

Business Insider: European Central Bank report causes market rebound

At least one euro-zone watcher thinks Europe's end-of-day market rebound may have been caused by the European Central Bank's recent financial stability report.

In a major reversal, European Central Bank could help ease Greek debt

Berlin — A deal on the Greek rescue is still in sight, as ECB considers helping with debt burden.

Germany rejects European Central Bank write-down of Greek debt

Berlin — Berlin is refusing to allow the ECB get involved in Greece’s debt restructuring.

Italian prime minister calls for German help

Mario Monti urges German government to do more to help lower Italy's borrowing costs
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Mario Monti in Rome yesterday. (STR/AFP/Getty Images)

The new Italian Prime Minister told the Financial Times that it was in Germany's "own enlightened self-interest" to help Italy and the other heavily indebted countries of the euro zone periphery to lower their borrowing costs.

Monti, a technocrat appointed to replace Silvio Berlusconi, praised Germany's "culture of stability" as "a precious German product [that] has been marvelously exported.”

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Euro summit: something to kill time with while waiting for the fate of the world to be decided

Which country is the greatest credit risk? The one S & P is thinking of downgrading from AAA or the one whose interest rates are low and whose AAA seems to be copper fastened?
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Wonder what he's thinking? Greek Prime Minister Lucas Papademos arrives for his first EU summit. (GEORGES GOBET/AFP/Getty Images)

IN the next 24 hours, while the leaders of the EU, have dinner and decide the fate of the global economy and the coming epoch in history. (Hyperbole always precedes reality.) You could do worse than peruse Euromoney Country Risk published by Euromoney magazine.

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