Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
ECB officials have warned for weeks that a debt restructuring would have catastrophic consequences for the euro zone

From this I conclude ECB officials believe debt that cannot be paid back will be paid back through restricting and constricting the ability to pay the debt back.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Thu May 19th, 2011 at 11:53:18 AM EST
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