Europe's weakest link became its "safe haven" – for now. A euro crisis without an anchor

Four straight weeks of euro losses. France now pays more than Italy to borrow, and money is running to Germany, the country that looked like Europe's weakest link only a month ago. Everyone is reaching for the 2012 playbook. But does it still work when the ECB is fighting inflation and nobody in Berlin is volunteering to be the anchor?

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