Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
the trigger for the current European crisis seems to have been the collapse of Eurodollar liquidity following the American credit freeze in 2008
And the collapse of Eurodollar liquidity last summer was what broke France's back.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Mon Jan 30th, 2012 at 06:40:07 AM EST
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