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Germany is preparing for a default by eurozone countries that are too large to be bailed out,...

Nov. 18, 2011 5:03 AM ETEWP, FXE, ERO-OLD, EU-OLD, URR, DRR, ULE, EUOBy: Yigal Grayeff, SA News Editor3 Comments
Germany is preparing for a default by eurozone countries that are too large to be bailed out, The Daily Telegraph reports. A leaked document from the country's foreign ministry reveals plans for a European Monetary Fund that would take ailing countries into receivership and run their economies.

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