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The summer of 2012 is looking like an "eerie" echo of 2008, with eurozone sovereign debt...
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Saturday, June 2, 2012, 8:15 AM ETThe summer of 2012 is looking like an "eerie" echo of 2008, with eurozone sovereign debt replacing mortgages as the risky asset class that could blow up, the World Bank's Robert Zoellick writes in FT. Europe's leaders need an emergency plan - fast - since time is running out, and they "may be nearing a 'break the glass' moment: when one smashes the pane protecting the emergency fire alarm."
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Although I think in Berlin the 'emergency fire alarm' is connected to the Heer Division who most likely has instructions to commence with a Gold Blitzkrieg of the PIIGS when notified. Lets hope that alarm bell isn't rung.