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05-11-2010, 06:04 AM
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#10 |
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Doctor Wtf
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
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Euro leaders have agreed to a 730 billion euro set of loan guarantees. It is intended to head off the chance of a domino effect taking out the remaining PIIGS, but some critics say they're just spreading the problem around, setting the whole thing up for a bigger, worse crash later. For it to actually work as planned seems to depend on debt-laden countries learning to live within their means.
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Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. |
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