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Italy is not the country that wants to punish Greece to discourage the others.

In fact, I would argue that Italy is the country that is being discouraged.

I know Spain is very bad off with 26% unemployed, but Spain's finances are not so bad that it could not instantly rebound with proper policy.

Italy is a very different case. Half my family is Italian, I spent years living in Padova, and I am very worried.

by Upstate NY on Sun Mar 15th, 2015 at 02:51:34 PM EST
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"Italy is not the country that wants to punish Greece to discourage the others."

Italy is almost 18% of ESFS.

And the policy of the ESFS is in the end the policy of all.

by IM on Sun Mar 15th, 2015 at 04:56:19 PM EST
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It is, of course, in the German interest to pretend that this is so.

But whether it actually is so remains to be seen.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Mar 15th, 2015 at 05:01:53 PM EST
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