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but still leaving them in a better situation today than in the alternative. Spain is seen as a potential target for the markets, but they are wary because its debt level is still quite low. So two years of massive recession and large public spending to limit the damage have been tolerated rather well so far.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Feb 12th, 2010 at 03:12:30 PM EST
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