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Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, May 10, 2010

Ever the skeptic: On EU/IMF Rescue Package

Rosenberg today:  ...the rescue package critically hinges on the Club Med countries accepting deep budgetary retrenchment notwithstanding their weak economic structures. Indeed, it will be interesting to see how Spain can manage to meet EMU deficit requirements at a time when the unemployment rate is currently at 20%, just as one example.


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