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GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
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insertfunnyusername |
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The European Central Bank made 555 million euros ($732 million) last year from Greek sovereign bonds acquired under its first bond-buy plan, a sum that suggests billions in profits from the program could be passed on to Athens. The ECB's profit implies that the whole Eurosystem - the ECB and the 17 national central banks in the euro zone - could altogether have made billions from the Greek sovereign bonds. [ link to www.cnbc.com] George Papandreou, the former Socialist prime minister who was at the helm when Greece’s economic ship smashed on the rocks of fiscal ruin, has landed a job at Columbia University teaching, of all things, how to govern financial crisis. [ link to www.foxnews.com]
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