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This is an excellent on-the-ground example of the harmful preponderance over the real economy of the financial sector and its return-on-capital requirements. It's at the heart of what is known here on ET as the Anglo Disease.

Concerning Le Monde, I wrote a brief history of the newspaper here.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 31st, 2008 at 02:47:58 AM EST

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