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I don't see how
Spain and several countries, perhaps even Italy (but probably not France) will be forced to leave the euro and restructure their debt with significant debt forgiveness.
is going to happen now, at least in Spain, and at least as regards public debt.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Mon Aug 29th, 2011 at 12:44:59 PM EST
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