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Friday, May 24, 2013

Michael Pettis thinks that.....

in Spain you are not really supposed to talk about abandoning the euro if you want to be taken seriously

His take of the recent "good"news about the Eurozone is that
 the debt-burdened countries of peripheral Europe are going to suffer a decade of weak growth, high unemployment, and contentious politics, all the while the debt growing faster than the economy. 

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