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Tuesday, May 15, 2012

Unusually Clear Rundown on EU/Greece - Shortish

Sunday's regional German elections offer a small ray of hope. Merkel's party received a thrashing in North Rhine-Westphalia, home to nearly one in five Germans. Rejecting the conservatives' hard-line platform of more austerity and finger-pointing, German voters instead voted for the Social Democrats, for a platform of more spending and, shockingly, for more debt. This caps a series of defeats in state elections for Merkel and makes it increasingly clear that her government is in serious jeopardy.

Perhaps, just perhaps, German voters are waking up. And therein lies the possibility that the euro can be saved. ---Robin Wells; whole article at link.

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