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Michael Wilson on the Euro Zone

Monday 12 Dec 2011 9:40 a.m.

World sharemarkets rallied strongly over the weekend after the EU summit seemed to come up with some concrete solutions to the euro zone's debt crisis.

All of the euro zone countries agreed on a "fiscal compact" which would produce tighter integration and stricter budget discipline.

But could the positive market reaction prove to be as fleeting as it has in the past?

Business editor Michael Wilson spoke to Firstline this morning.

Click ‘view video’ to watch the full interview.

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