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So, if the national tresuries are bearing the costs (including administrative!) of bank restructuring funds, is the European System of Central Banks jointly and severally in dereliction of duty?

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Thu Dec 2nd, 2010 at 05:41:14 AM EST
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