From Asia Times
One currency, 17 debts
"It's hard to believe Merkollande can find a way out of this financial labyrinth. We are facing the uber-surrealist situation of a single currency with 17 different public debts - over which the frenzied "markets" can merrily speculate while individual states cannot fight back, for instance by devaluing their currency. It's this set up that has plunged Greece into the abyss - and may do the same with the euro."
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