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|User Info||Here It Comes In Europe (Threats); entered at 2012-05-22 10:54:03|
Registered: 2010-12-02 East Texas
Gotta ask. Just how much sovereign paper must the banks hold to keep their regulators happy? |
This is so circular that it is becoming a vortex.
From what I've read, the Greeks are relying on barter more and more. They have to. If they can't access credit and their income streams are cut, they become Euro-poor. They appear trapped without euros or a new currency. No fiat = real goods and services.
What a concept.