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Page last updated at 07:13 GMT, Friday, 29 July 2011 08:13 UK

Europe 'living in fantasy' over crisis


Was the deal put together by eurozone heads of state last week more sticking plaster than lasting solution?

Terry Smith, chief executive of Tullett Prebon, explains that although Europe's deal has "bought a bit of time", it has only "kicked the can down the road".

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