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  • seasonedspec seasonedspec Dec 5, 2011 4:25 AM Flag

    Merkel and Sarkozy to unveil eurozone rescue package

    Loaning more fiat Euros to Greece and Italy is money down a rat hole IMO. Neither country is capable of balancing their national budgets, not to mention ever being capable of paying back any of their loans. This latest effort is merely kicking the can further down the road and is not a solution to the European debt crisis. With 12 months we'll see Greece and Italy return to their own fiat currencies and the Euro be severely weakened as a result. Ptinting more fiat Euros and US dollars is assured. So are rising silver prices. SS

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