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Politics : Formerly About Advanced Micro Devices
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To: one_less who wrote (629931)9/29/2011 10:58:39 PM
From: tejek  Read Replies (1) of 1575119
 
European banks are ready to be recapitalized but not all of the banks in Europe can be saved.

This is key. Greece may end up defaulting but if the banks are adequately recapitalized, the default won't make them go down as well. The Euro version of Tarp.
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