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The Euro Has Bigger Fish to Fry Than Greece
Greece’s austerity vote will soon look like nothing more than a minor distraction. With debt financing costs still rising and the European Central Bank likely to continue raising interest rates next week, the risk of a payment default by Greece or another peripheral euro-zone country will continue to increase. Pitched battles on the streets of Athens and the narrowest of votes in the Greek parliament may have grabbed headlines in recent days as the country struggles to convince the world that it is serious about repaying its debts. However, the scale of the debt problem engulfing the euro zone continues to grow, ... (full story)
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- rigpa
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There is always a price for promises you don't keep!
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There is always a price for promises you don't keep!
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