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You know another funny thing the ECB does? If a government raises VAT, they interpret the resulting price rise as inflation, and raise interest rates.

Yeah, about as funny as a debt-depression death spiral.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Feb 19th, 2012 at 08:26:20 PM EST
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