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Can the Euro Zone Cope with a National Bankruptcy?

By Implode-Explode Heavy Industries

"As speculators attack the euro, Europe is facing a growing threat of national bankruptcies. The consequences would be dramatic for the whole of the continent, especially German banks, which are highly exposed to risky debt. EU politicians are willing to pay almost any price to help the beleaguered countries. "

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2010 (boomark / email).