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Maybe Cyprus and Malta are in because both used to be British colonies, and as a concession to "balance" the Eastward expansion of the EU in 2004.

Not that that makes a lot of sense, but it's EU policy we're talking about.

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 Fri Feb 17th, 2012 at 02:43:06 AM EST
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