No risk of a new sovereign debt crisis

The eurozone is not facing the same kind of sovereign debt crisis as it did 10 years ago despite current market volatility, said Irish finance minister Pascal Donohoe on Monday. euro, reports the FT. The current volatility is “completely different from the kind of crisis environment we were in,” he said. The eurozone now has a “more solid architecture” and “deeper foundations for our common currency”, he added.

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