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That is only an operational constraint if your central bank likes to crash your banking system.

Which the ECBuBa uses as a strategic threat to usurp the power of democratically elected parliaments, but not something they have ever actually done for real.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Aug 28th, 2013 at 12:18:20 PM EST
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