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'Eurozone meltdown averted; real problem not recognized' expats


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Eurozone meltdown averted; real problem not recognized

-- expats
Forum Post
12/01/11 17:32
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Eurozone meltdown averted; real problem not recognized

Thank author of this post/commentEurozone meltdown averted; real problem not recognized Wednesday, six of the world's largest central banks, led by the Fed, averted a meltdown of the Eurozone's banking system by agreeing to print more money. One has to wonder: if solving such dire financial crises is as easy as creating still more fiat money, how did some of Europe's major banks get in financial trouble in the first place? The banks got in trouble primarily by buying the bonds of weak members of the Eurozone.

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• socialism • printing • reforms • refinance • banking • negative impact • interest rates • public sector • fiat money • banking system • central banks •
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