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Thursday, July 26, 2012

''Greece Must Go Bankrupt For The Sixth Time In 150 Years'' - Austrian Economist

From  Die Welt via eFX News

"Greece must go bankrupt for the sixth time in 150 years. Then Europe needs to gradually get back to the old currencies while its citizens get economically trained. Then, serious savings models in Sweden or Switzerland would automatically replace the populist dreaming Keynesianism one day." Michael Hoerl, an Austrian economist and author of "The Welfare Trap"

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