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0 Euro’s crisis deepens

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In should therefore come as no surprise that Europe's trillion-dollar Band-Aid isn't working. The wound goes much too deep. Either the eurozone now integrates and becomes a federal state like the United States and under German economic management, or it collapses, and the Greeks and other profligate countries devalue and the banks (German, French, British and American) lose hundreds of billions. This will trigger the second global wave of economic crisis, just as the financial crash of 1929 gave way to the government insolvency crash of 1931.

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