So they'll either have to let Greece default, hammering lots of French and German banks that hold Greek debt, or buy even more bad Greek debt to let Greece dig itself deeper into a hole. When they faced the same choice last year, they chose the digging.
Read all about it at John Mauldin.
Stupid Euros bought Greek debt, now surprised it can't be paid back
Posted by | 5.22.2011 at 8:09 AM
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Does anyone actually study MATH anymore?
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