01.11.2011 Opalesque Exclusive: Analysts predict grim 2012 as the Euro summit agreement is dismissed as 'a jumbo sticking plaster' and a 'pyrrhic victory'
By Beverly Chandler, Opalesque London:

Calling on the classics seems appropriate for a description of a problem that largely stems from Greece. Stuart Thomson, chief economist at Ignis Asset Management, described the Euro agreement as "a pyrrhic victory for Germany and the ECB. Germany was unwilling to fund the periphery without a substantial degree of economic control over the fiscal policie

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