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In the event of a recession where lower interests don't help enough, they will. But that's perfectly alright. Especially if they have payed down government debt during the good times.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Dec 14th, 2011 at 10:25:46 AM EST
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Unless Germany panics and forces Austerity on you as happened to Spain (which had paid down its public debt in the good times) in 2009.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Wed Dec 14th, 2011 at 10:27:39 AM EST
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Sucks to be in a monetary union with goldbugs.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Dec 14th, 2011 at 10:28:55 AM EST
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