I think the press is getting carried away with their doom and gloom.
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If the euro was allowed to collapse the big guns have the most to lose.
There is much wealth in the euro zone all I think is happening at the moment is that Merkle and co are overplaying their hand.
Cancelled debt and recapitilisation is needed so roll the presses ,any gnome is going to take fresh notes as oppossed to a hair cut .
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if the euro collapses?, page-33
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