By and  on December 14, 2011

Europe was thrust back into the spotlight today as the euro sank to an 11-month low, slipping below $1.30 and prompting investors to sell off stocks from Milan to New York.

Euro zone leaders are trying get the currency bloc on firmer footing by creating a tighter fiscal union that would help its members avoid the credit crunches that hit weaker countries such as Greece and Ireland and have threatened the much-larger Italy.

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