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Libération - France | Friday, September 7, 2012

Euro rescue becomes reality

The rescue of the euro can finally get underway, the left-liberal daily Libération writes jubliantly in the wake of the ECB's decision: "For four years the euro rescue has resembled a trailer for a film that's never released. So often promised and programmed, it has been postponed again and again. It's not clear whether posterity will remember September 6, 2012, but it is certainly possible. In Frankfurt it was not a 'black Thursday' but a day of hope, or rather of immense relief. ... In economics it's the central banks that have the greatest dissuasive force. But they have to want to make use of it. This time the message is clear: Anyone who speculates 'without good reason' against a member of the Eurozone will suffer immediate losses. The single currency is no longer protected merely by a barricade of paper, but by a financial power equipped with almost nuclear capacities!"

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