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Ensconced in a conference call, eurozone finmins are discussing providing up to €100B in...
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Saturday, June 9, 2012, 11:08 AM ETEnsconced in a conference call, eurozone finmins are discussing providing up to €100B in support for Spain's banking sector, according to a source, with a formal request coming as soon as today. At this point, Spain will not be subject to the same sort of oversight Greece, Ireland, and Portugal have submitted to.
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This whole Euro-crisis "resolution" is completely based off promises.
Promises of economic growth
Promises of debt reduction goals
Promises of recapitalizing banks
Promises of keeping their citizens from starting a revolution
So you better change your language to something a little more positive. Perhaps something similar to the "feel good" attitudes the media and our politicians are pumping about how all is well? Maybe something in similar context to "the federal government could, with 100 percent certainty, fix." Just replace federal government with Euro governments and you'll be in line.
Yea, and probably no forced austerity either.
The old adage that 'if you owe $100K you have a problem, if you owe $500B they have a problem' is at work here.