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The Boston Globe

Business

Europe’s doomsday scenarios are held at bay

Euro surviving, despite forecasts it would crumble

FRANKFURT — Say what you will about the eurozone’s quarreling policy makers. But they can claim at least one achievement during 2012: Their common currency still has a heartbeat.

A year ago, many people seriously doubted whether the euro would still exist by now. On the threshold of 2013, the debate is more about how long it will take for the eurozone economy to recover and what must be changed to avoid future crises.

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