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Saving Euro Trashes Trichet, Dooms Germany's AAA

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DOING WHATEVER IT TAKES IN FAT CITY
" Just as the bailout of the banking system produced a plethora of unintended consequences, so the European Union’s decision to pledge almost $1 trillion to defend the single-currency project will unleash a series of undesirable aftershocks," writes Bloomberg's Mark Gilbert. "For a decade, the investing world has respected the euro as a worthy successor to the deutsche mark. Instead, it turns out to be more of a drachma; it should start to trade like the runt of the currency litter rather than one of the top dogs of foreign exchange."
SOURCE:   Bloomberg

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