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Which is why the Stability and Growth Pact is to be replaced with a Stability and Growth Union with constitutional debt brakes for all, in the middle of a depression.

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 09:44:59 AM EST
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