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It might be possible if done as private transactions. After all, central banks are notoriously secretive. If everyone can keep their mouths shut long enough, the debtor country could get well as funding costs ratcheted down.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 6th, 2011 at 10:22:24 PM EST
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