In other news, Moody’s ratings agency downgraded the debt of 26 Italian banks. The trade association for Italian banks considers this move an “aggression” against the Italian people.
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1 comment:
This is exactly what the founding fathers of the ECSC/EU planned for - to get ever tighter integration through the management of crises. What they left out of their Panglossian calculation was the reactions of the populace(s) to their handling of the crises.
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