Let’s look at an example to demonstrate my point

admin on 9 de Maio de 2013

I will be writing a separate note on the quite obvious two tier (most likely only two) separation of the Eurozone shortly. Many times it was said in the Economist articles that major mistake was made on allowing massive loans to the states, that simply are not strong enough to return those liabilities. The financial haircut of debts at 60% (source FT) that were provided to Greece is not going to help in finding the outside EU sponsors such as BRIC countries; most importantly China..

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