Banks alert on collapse of Euro

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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.