07/30/2012 08:24 am ET | Updated Sep 29, 2012

Krugman: Whether Euro Can Be Saved 'Very Much In Doubt'

Last week Mario Draghi, the president of the European Central Bank, declared that his institution "is ready to do whatever it takes to preserve the euro" -- and markets celebrated. In particular, interest rates on Spanish bonds fell sharply, and stock markets soared everywhere.

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