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And it should be noted that the implicit refusal to rediscount new Greek bonds after a default event is pure blackmail that is totally unjustified by any sane economic standard, left, right or centre.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 08:59:32 AM EST
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