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by patrickk
3774 days ago
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The reason the Spanish and Irish bailouts happened in fact was to protect the "contagion" spreading to the banks of the "core" countries. Why? Because German and French banks lent huge sums to periphery countries - which is why the bailouts were forced on them. What you are seeing now is the chickens coming home to roost. http://www.davidmcwilliams.ie/2012/05/10/financial-contagion... |
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