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Old 11-14-2011, 08:42 PM   #4559
Tyrone Slothrop
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Join Date: May 2004
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Re: My God, you are an idiot.

Quote:
Originally Posted by Adder View Post
It's far from clear that kicking Greece and Italy and others out of the Euro would solve the problem, or even can be done.

It's pretty obvious that the ECB, like every other central bank that's ever worked, needs to be a lender of last resort for the member states.

Indeed
.
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