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Europe’s Banks Turned to Safe Bonds and Found Illusion – New York Times


New York Times

Europe's Banks Turned to Safe Bonds and Found Illusion
New York Times
By LIZ ALDERMAN and SUSANNE CRAIG PARIS — As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe's seemingly ironclad
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