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Ratings
agencies and banks are warning EU officials that euro zone risks are
increasing rapidly as lawmakers are delaying implementation of any measures against the debt turmoil. Mansoor Mohi-uddin, UBS manager of foreign exchange
strategy, emphasizes that markets move quicker and that European officials and
investors are beginning to anticipate the end of the euro. Moody's also
warned that credit risks will keep surging without radical actions to alleviate
markets.