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Grexit no more Spain for EUR
Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When the Capital markets eventually go for the Greek “kill,” euro policy makers will not have had the time to put in place a structure that allows Greece to leave in an orderly fashion. The potential exit of Greece from the Euro system over the next few months could have some “catastrophic consequences.” The stresses and strains potentially being put on the periphery will again lead to dollar liquidity concerns topping most lists. The ... (full story)
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- Mosmoney
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