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Olduvai III: Catacylsm
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Greek Bad Debt Rises Above 50% For The First Time, ECB Admits

Greek Bad Debt Rises Above 50% For The First Time, ECB Admits It was almost exactly one year ago, on October 26, 2014, when the ECB concluded its latest European Stress Test. As had been pre-leaked, some 25 banks failed it, although the central bank promptly added that just €9.5 billion in net capital shortfall had […]

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Did The IMF Just Open Pandora’s Box?

Did The IMF Just Open Pandora’s Box? By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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