• anonymous
write something about the euro zone crisis????
  • jamiebookeater
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  • anonymous
the ECB puts some 000s in the account of the IMF the IMF sets strict conditions to Italy and Spain in exchange for the 'bail-out' no matter how many 000s we put here, this doesn't create inflation (which is the main concern of germany) bk, again, the conditions are 'strict' (like Ireland is doing) this raises the EFFECTIVE interest rates for these countries / a bit of cash cruch, societies deleverage, confronted with these high interest rates, save more, and spend less. and banks will be just fine bk the sovereign bonds they hold will not default what do you think of that?

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