European Central Bank's 'Blueprint' Sinks Stocks
by: Sylvia Poggioli, NPR, August 2, 2012 2:08:00 pm
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Having promised last week to do "whatever is necessary" to save the Euro, the President of the European Central Bank has announced an outline of measures to lower borrowing costs for troubled members of the Eurozone. The measures would not take effect before September and they still require the bank's approval. Stocks fell throughout Europe and the U.S. in response.
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