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Can the eurozone survive with its economy shrinking at a record rate?

Can the Eurozone survive with the economy going downhill as fast as it does? What can be done?

Yes, it can survive. But it's going to be tricky times. I think all of the advanced economies are going to suffer very significant setbacks in terms of economic growth. And there is a need for enormous stimulus and demand support measures. That's already also done. The problem that is there in the eurozone is the discrepancy between the economic performance of the different countries. And that will have to be sort of addressed.

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