Contagion can raise its ugly head quickly, very quickly, even in "half a day," warns the ECB's...

|By:, SA News Editor

Contagion can raise its ugly head quickly, very quickly, even in "half a day," warns the ECB's Trichet. Europe needs to experience a "quantum leap" in how it manages its fiscal economy, lending credence to long-standing claims that the eurozone needs centralized fiscal oversight.