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June 29, 2012

14:36 • 10 months ago

Europe apparently put in a good mood by soccer, so they created a banking union

Tags: banking union banks euro euro crisis euro economic crisis eurozone unions 47 • Permalink

cause In an effort to salvage the economies of many nations in the Eurozone, European leaders financially united their nations and created a banking union last night.
effect The union, which effectively makes the Euro’s banking system more like the United States’, gave investors faith — the Dow jumped by 200 points this morning. source

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