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If Germany finds inflation convergence on the higher rather than lower structural inflation rates unacceptable, then Germany does not want a currency union.

Fair cop, I guess, but then they need to stop pretending that they care about the future of the Euro and start stress testing their banks for getting paid back in Drachma.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Dec 10th, 2011 at 04:24:44 AM EST
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