Krugman: Will the euro be saved? | The Salt Lake Tribune

Krugman: Will the euro be saved? | The Salt Lake Tribune:

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Last week Mario Draghi, the president of the European Central Bank, declared that his institution "is ready to do whatever it takes to preserve the euro" — and markets celebrated. In particular, interest rates on Spanish bonds fell sharply, and stock markets soared everywhere.

But will the euro really be saved? That remains very much in doubt.