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Moral hazard beckons in eurozone

Sep 5 2012  The European Central Bank's plan to save the euro, coming to a screen near you tomorrow, hopes to stop governments frittering away the benefits of lower bond yields by overseeing their budgets. James Mackintosh, investment editor, worries that history shows eurozone governments are particularly prone to fiddling their forecasts.  (4m 5sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald.

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