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AEP: Should the Fed save Europe from disaster?
They shouldn't but they will.
The dam is breaking in Europe. Interbank lending has seized up. Much of the financial system is paralysed, setting off a credit crunch just as Euroland slides back into slump.
Posted by: tipper 2011-11-28
http://www.rantburg.com/poparticle.php?ID=334233