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tdp2664 InvestorPlace Well, so much for a quick fix. German Finance Minister Wolfgang Schaeuble ruled out a "definitive solution" to the ongoing euro zone sovereign debt crisis at the coming weekend summit, prompting a sharp selloff in global stock markets. And adding an additional wet blanket to the fire of hope, the head of France's central bank said that the European Central Bank's bond-buying program would not be expanded. The ECB's bond buying program previously had been one of the few coherent policy decisions coming out of Europe and a critical part of the effort to avoid crisis contagion spreading to Spain and Italy. So much for that. Like Nero two millennia ago, it appears Europe's modern-day Caesars are content to fiddle while Rome — and every other European capital — burns. And until these little
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