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Quite the same trick could be done to provide for EU central commission overdraft facilities in some privately owned but publicly governed bank.

Ah, we have found a use for the much maligned Spanish Cajas de Ahorros, German Landsbanken and Sparkassen, etc...

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Mon May 3rd, 2010 at 01:05:53 PM EST
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