But whatever the geometry, this should not be seen as a stop-gap multi-speed Europe, with leaders and laggards, pioneers and free-riders, the bold and the pusillanimous.

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Bridging that context gap is going to create a multi-billion dollar market.

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After falling in a multi-week wedge, it exploded with a big breakaway gap, up 5.34 to 36.80, or 17%, on 7.4 million shares.

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