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The most remarkable thing about this is that "low returns" oe "not bankable" means "returns below 10% per annum".

The required rate of return strikes again...

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 Mon Dec 19th, 2011 at 07:35:53 AM EST
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