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AEP: Europe's democracies must not subcontract their destiny to the Bundebank
Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse of global confidence in the governing structure of monetary union.
Posted by: tipper 2012-06-11
http://www.rantburg.com/poparticle.php?ID=346396