Europe is running a giant Ponzi scheme

Posted by Vidnews Thursday, 5 May 2011

Financial Times - Mario Blejer - ‎1 hour ago‎
Yet the mode adopted to resolve the debt problems of countries in peripheral Europe is, apparently, to increase their level of debt. A case in point is the €78bn ($116bn) loan to Portugal. It is equivalent to more than 47 per cent of its gross domestic ...
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