End of the world?

Less than a fortnight after EU leaders celebrated their largely non-actionable plan to fix the crisis that’s far worse than Lehman (and at a time when the developed world hardly has any firepower left), they’re back with another solution that looks suspiciously like the end of the eurozone—the implications are so horrendous in terms of what it means for the world, markets across Asia plummeted, suggesting the Sensex may go the same way when it opens later this morning.

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