The European debt Bubble has burst, and the repricing of risk and debt cannot be put back in the bottle.
It's really this simple, Europe: either rebel against the banks or accept decades of debt-serfdom. All the millions of words published about the European debt crisis can be distilled down a handful of simple dynamics. Once we understand those, then the choice between resistance and debt-serfdom is revealed as the only choice: the rest of the "options" are illusory.
http://www.oftwominds.com/blogdec11/euro-debt-serfdom12-11.html
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