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Missing an European Treasury | 13 comments (13 topical, editorial, 0 hidden)
German exposure to Greek debt (none / 0)
Pardon me if I've missed it, but I have not seen much reference to the wrong end of the billion euro credit default swap on Greek debt which almost certainly now belongs to the German government. It's really amazing how self-righteous Merkel's team has been about good finance practices when, as a result of their spree of bank bailouts, they own an exposure to an astoundingly stupid bet that Goldman was able to sell to the brain trust of an Irish/German bank.
by rootless2 on Mon Mar 29th, 2010 at 04:22:12 AM EST

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Missing an European Treasury | 13 comments (13 topical, 0 editorial, 0 hidden)
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