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In general, where we say "Germany" or "France" in these sort of discussion we mean the current executive of that state.

As for the ECB stopping the crisis, well, let's see in a couple of weeks. That sound is the can being kicked down the road again.

by Colman (colman at eurotrib.com) on Fri Aug 12th, 2011 at 11:42:27 AM EST
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