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 "3) then ensured that the 21 July summit discussed nothing but Greece so it had to wait until the market meltdown of August 5 before Merkel and Wiedmann agreed to even acknowledge that the market was now attacking Spain and Italy and that the EFSF was dead in the water."

But the initially german line - no summit - had be abandoned. Hardly a proof of dictatorship.

 "I said in mid-July that the Council should have called Merkel's bluff and met without her..."

Well, that is their problem, right? Any way it wasn't necessary; Merkel did give in.

by IM on Thu Sep 8th, 2011 at 06:04:11 AM EST
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