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Bank of Greece issues bonds to banks it keeps afloat so the ECB can avoid giving the Bank of Greece more time to repay the loans that the ECB is there to help the Bak of Greece with anyway

ECB Policy on Greece: yes, you do have to be mad to work here.

It doesn’t get much sillier than this. Earlier on Eurenders, Mario the money-changer told Stavros at the Bank […]

John Ward August 7, 2012 The Mad Euros' Greek Tea Party
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