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apparently the ECB has nixed the haircut idea forcefully, by saying it will harm the banking system. and who's the advisor to the Greek gov't on asset stripping? you guessed it, Deutsch Bank.

Greek Restructuring Rejected by ECB Officials

"Life shrinks or expands in proportion to one's courage." - Anaďs Nin

by Crazy Horse on Wed May 18th, 2011 at 01:23:50 PM EST
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