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Something very much like that, yes. All European states already have nationalised banks which will buy their bonds, because, ahem, the bank's owners want that... And yesterday Draghi announced that the ECB will accept anything as collateral, even if it's toilet paper. Merkozy can't prevent that. What was this summit about?

Am I missing something?

by Katrin on Fri Dec 9th, 2011 at 09:52:36 AM EST
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