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by akrigline
3698 days ago
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The way the judges worded this decision makes it a lot less of a slippery slope. This was only accepted because it was an "Immediate and essential need for nourishment." I expect that if more people started stealing, they'd be put through a court process to prove that they were in this condition. What this doesn't do is fix the problem though, it just recognizes a symptom. Why are these people forced to resort to stealing? |
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Nearly 50% of bank loans are non-performing (in default). The EBC is conducting a stealth bailout via Target2. Just look at the major Italian bank stocks. They are trading at deep, deep discounts. Maybe the market knows something the EBC and others don't want to admit?