European Central Bank moves to kill Zombie bank financing.
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07/05/2012 10:09 AM
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It means that struggling countries can't keep repackaging their debt and buying more on their worthless guarantee that it will be repaid.
Note to countries using this all too popular Ponzi finance method:
Your word is not collateral- it's just a promise- and an obviously empty one at that.
in warm pursuit...
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|Related Topics: Eurozone (Economy) - View ALL Economic Threads (Economy)|