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If Greece was not part of the European Monetary Union an IMF adjustment package would presumably have involved a sharp depreciation of the currency

Judging by the track record of the IMF in Russia and Indochina, I call wishful thinking on that bit.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu May 6th, 2010 at 11:34:31 AM EST
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