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You will notice Italy was not one of the 4 "PIGS" that the BIS published exposures on. It is also the only one PIIGS that Deutsche Bank has admitted to still having any direct exposure to.  Narrative war...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu Jun 17th, 2010 at 03:48:17 PM EST
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