I have recently heard that Greece has now been declared in "Structural Default" after the hair cuts the private sector took on Greek debt. What do you think the chances are of the Euros making it out without inflation? I don't put it very high. When the French are courting the Socialist candidate for president who wishes to impose a 75% tax on all persons making over one million euros, the Europeans deserve everything they get.
http://johnhcochrane.blogspot.com/2012/02/hope-for-europe.html?utm_source=feedburner
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