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Thursday, December 8, 2011

Monetary

News                                                                                                                             
CNN: Money | ECB cuts rates as European economy slumps
The central bank lowered its main interest rate to 1%, down from 1.25%. It was the second interest rate cut since November, when the ECB reversed course and began easing its stance on monetary policy.
WSJ | Banks Prep for Life After Euro
Countries Study Printing Their Own Notes in Case Monetary Union Unravels.