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There's an irony here. Greece is far from the poorest, or the most precarious economy in the world. But the actions of the ECB and the rest of the EU - alongside the credit-rating agencies rather make this a self-fulfilling prophecy...
by Metatone (metatone [a|t] gmail (dot) com) on Mon Jun 13th, 2011 at 05:29:07 PM EST
[ Parent ]
Do I get this right? Is the mighty ECB afraid of rating agencies junk-rating the Greek bonds on its books?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Jun 14th, 2011 at 05:21:31 AM EST
[ Parent ]
That's one way to put it.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Jun 14th, 2011 at 05:33:29 AM EST
[ Parent ]


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