Central Banker: Euro 'Unsustainable'

    A person walks be a placard urging a 'no' vote in the referendum on the EU fiscal pact (L) and a sign that announces that the town welcomes the old Irish currency, the punt, in Clones, Ireland on May 30, 2012. Businesses in the town of Clones are taking part in an experiment to boost a town ravaged by the economic downturn. Holders of the old currency are invited to visit Clones and hand over their punts in exchange for blue and yellow laminated vouchers which are then usable at any of the 45 businesses that have signed up for the scheme. The central bank in Dublin has told the Town that there was around 285m punts that could still be exchanged as legal currency.  AFP PHOTO / PETER MUHLY        (Photo credit should read PETER MUHLY/AFP/GettyImages)

    Peter Muhly, AFP / Getty Images

    The president of the European Central Bank said on Thursday that the current structure of the Euro Zone is "unsustainable," as panic spread over Spain's impending economic woes. Mario Draghi told the European Parliament that the next step will be for leaders of European countries to clarify what their vision will be. Meanwhile, investors hunted for safe-haven assets on Thursday, as many sought U.S. bonds and dollars. And Ireland went to the polls Thursday to vote on the European Union’s fiscal pact, the only country of the 25 pro-pact nations that has put the treaty to a vote among its people.

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