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Politics : President Barack Obama

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To: RetiredNow who wrote (117038)7/17/2012 4:01:05 PM
From: bentway  Read Replies (1) of 149317
 
" In such circumstances, the BIS explains, it is necessary to write down the debt to the amount that can be paid – and to undertake structural reforms to prevent the Bubble Economy from recurring."

This would have the bondholders taking the hit, not the little people. The people that HOLD the Greek debt, not the Greeks. I'm fine with that notion.
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