Bad news is good sign for Europe

Jul 9, 2014 : Shares and bonds in a Portuguese bank are plummeting, like the good old days, and the government's bonds are having their worst day of the year. The good news, says James Mackintosh, is that the rest of the market could ignore it – the eurozone crisis hasn't returned. The bad news is that bank shares are struggling to face up to the challenge of the European Central Bank's asset quality review.
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