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Germany could stop laundering the bailouts of its banks through the Greek government. (Because that's what's happening here: None of this money ever actually gets to Greece.)

As demonstrated by the German proposal of paying the bailout money into an "escrow account" out of Greece's reach.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Sun Feb 12th, 2012 at 06:01:30 PM EST
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