Severing Symbiosis Causes EU Debt Crisis to Escalate

The European debt crisis has locate to hit fresh heights. Greece is immediately the first developed economy to energy-restructure its sovereign-debt since Earth War II. According to contemporary plans, private-sector investors will suffer 50% losses. Yet the double consequences are far and wide. First the symbiotic relationship between banks and governments has been mangled. Second the inhomogeneous Euro area will prevent Greece from recovering in age to avoid a total crisis. More information: more

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