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Greece and Portugal are, all their weak sides granted, still modern capitalist economies full of hard-working entrepenurial innovative people (as long as they have jobs), who have created excellent business before and will do so again, as soon as the EU allows them to[].

That is rather the point, isn't it? The EU is part of the solution only insofar as it can stop being the problem.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 05:55:21 PM EST
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It sure is. We've seen the enemy, and he is us.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Mar 17th, 2012 at 06:30:54 PM EST
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Not everyone appears to agree, yet.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 06:49:26 PM EST
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