五千年(敝帚自珍)

主题:欧洲讨饭记1 -- parishg

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家园 inevitable. ECB will print

like crazy to support the banking system.

Euroland needs a political solution, but not one German politician has the gut to do the unpopular thing, risking his or her political career to provide this simple solution, WHICH IS CRUCIAL FOR an integrated EU to defeat America. Everyone is kicking the can down the road, but

FINANCIAL MARKET WILL TEACH POLITICIANS an interesting lesson.

What ECB can do is just to provide intensive care from one day to another day.

America is lucky to have Hank Paulson, who reversed a losing game for America into a successful assault on all attackers against America--by bankrupting Lehman. European banking system was almost paralyzed in 2008.

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