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How Europe will bail itself out

Seriously, this is their plan

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Failure is inevitable

That the European financial system will hit the wall in a gruesome way.

That's a given.

The only question is when and what will the fallout be.

Betting on any other outcome seems ludicrous - and yet millions do.

The Spanish prime minister et al think that the bailout has been successful, that the eurozone has turned the corner. Since the enactment of the Lisbon agenda, the lies of full employment have become more and more obvious. The real disaster is just looming, though.

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