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Fortune (August 19)

2011/ 08/ 22 by jd in Global News

As for the European debt crisis, you can “expect more trouble.” Leaders have failed to provide “action that’s a step ahead of the markets…. Time has been wasted defending the indefensible before giving in to the inevitable…. Solutions that might have worked a few months earlier become insufficient as the contagion hits more countries.” All of this means the problems keep growing and “a wider, more expensive response is required.”