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Ever Closer Union
h/t Instapundit, Andrew Stuttaford
The central bank of Germany will no longer accept bank bonds backed by Ireland, Greece and Portugal as collateral, becoming the first euro-zone central bank to exercise a new privilege to protect its balance sheet from the region's debt crisis.
Posted by: g(r)omgoru 2012-03-31
http://www.rantburg.com/poparticle.php?ID=341966