AEIdeas

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  1. This chart shows what happens when a common currency with a central bank is used to combine countries with supposedly common interests when, in fact, intra-country budgetary practices, affected by local sociological bents, make these combinations impractical and dangerously unstable.

    Britain, France and Germany are now up-to-their-eyeballs in PIIGS debt.

    http://www.congresswealth.com/downloads/webofdebt.pdf

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