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Euro zone fragmenting faster than EU can act

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Image uploaded from a quicklink Signs are growing that Europe's economic and monetary union may be fragmenting faster than policymakers can repair it. Many banks are reorganizing, or being forced to reorganize, along national lines, accentuating a deepening north-south divide within the currency bloc. An invisible financial wall, potentially as dangerous as the Iron Curtain that once divided eastern and western Europe, is slowly going up inside the euro area.

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