http://www.telegraph.co.uk/news/worl...uncertain.htmlDisaster averted but only just, was the verdict on 2012. In a year described as "existential crisis" by many of Europe's leaders the European Union's single currency went to the brink.
Greece appeared as if it was headed for 1930s-style political and economic collapse as a technocrat "national unity" government headed for collapse in early 2012.
Amid a bank run and growing opposition to an EU-IMF austerity programme, imposed as the condition of a bail-out, it looked as if Greece would default, bringing down the euro.
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