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The post-Brussels summit week contained much that was difficult to stomach, but one thing is certain: the European debt crisis is not going away quickly.

However it was not all gloom. The US economy, at least temporarily, showed signs of strength – with the Federal Reserve acting accordingly. Host Stefan Grobe talks about this with Alexandra Estiot of BNP Paribas in Paris.

Also on the programme: good news from the bond market with Spanish yields going down, and bad news from the job market in Britain, where the unemployment rate has reached the uncomfortable levels of the early 1990s.

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