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They can't attack Italy directly at the moment so they weaken the periphery collectively hoping for bank runs in Italy to scare the politicians there into forming a pro-austerity caolition.

Italian parliamentarians are perhaps as likely to be scared into forming a Euro-exit coalition : if we're going to be fucked over, let's do it ourselves rather than being done by the ECB.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Mar 18th, 2013 at 05:55:10 AM EST
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