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No, it does not. Bondholders should be given haircuts in order of their importance for the productive economy, and in a manner that is distributionally reasonable. Widows and orphans should be protected. Bankers should lose their shirts.
Friends come and go. Enemies accumulate.
True. But you cuold say the same about Labour in Ireland.
After sabotaging the SPD/Linke coalition in NRW for absolutely no gain?
After preferring a Grand Coalition over an SPD/Linke coalition at the federal level?
No, not really.
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