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The poor and the middle class (wage earners) will take their money out and put it under the mattress. Losing 10% is all the more damaging for them.

If European leaders are lucky it will be a while before people work this out, but if not, the bank runs will be vicious.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Mar 18th, 2013 at 05:22:35 AM EST
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