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November 2010

EUROPE STUMBLES BLINDLY TO ITS 1931 MOMENT

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8132689/Europe-stumbles-blindly-towards-its-1931-moment.html Ambrose Evans-Pritchard It is the European Central Bank that should be printing money on a mass scale to purchase government debt, not the US Federal Reserve. It was a grave error for Germany’s Angela Merkel and France’s Nicolas Sarkozy to invoke the spectre of sovereign defaults and bondholder ‘haircuts’ at this delicate juncture Photo: […]