Nordea Bank AB

By David Goodman

In the depths of the euro region?s debt crisis, Italy?s finance minister compared the currency with the Titanic: if one country goes down, they all do.

Less than four years later, with the prospect of a Greek exit at the fore once again, investors are betting the European Central Bank has made the rest of the region unsinkable.

Greece’s 10-year bonds fell a third day, pushing the yield up by the most in more than 15 months, on concern the government’s plan to end its bailout early will leave the nation unable to raise funding sustainably.

By Stefan Riecher

The euro-area unemployment rate was unchanged in May as the currency bloc struggled to shake off the legacy of the debt crisis.