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There is a perfectly fine way to ensure that it is borne by the wealthy:

It's called strategic sovereign default.

But that's not what Germany is calling for.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 18th, 2010 at 07:54:51 AM EST
[ Parent ]
are they excluding it?

I think the Spanish and French are more worried about what a sovereign default would mean for the cost of their own debt...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Tue May 18th, 2010 at 08:57:41 AM EST
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