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When the Eurozone countries surrendered their sovereignty to a common central bank built on neo-Hooverian lines, they set themselves up for this, which sooner or later has to be solved by reconstituting the ECB as a functional central bank.

Over Germany's dead body.

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 Migeru (migeru at eurotrib dot com) on Sun Jun 6th, 2010 at 02:34:25 PM EST
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