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The eurozone crisis is as much a tale of excess bank leverage and poor risk management in the core as of excess consumption and wasteful investment in the periphery

Spain - the fifth victim to fall in Europe’s arc of depression - Telegraph


I completely agree with this statement.  It leads to the common sense conclusion that forcing austerity on peripheral citizens, the majority of which had nothing to do with these practices, in the name of fiscal responsibility is downright apocryphal and unethical.  

Let capitalism work.   

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