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This is a spare 'blog in case my main 'blog at markwadsworth.blogspot.com isn't working
From today’s FT:
Greece can’t be allowed to fail – to save French and German commercial banks. But a failure has to be engineered in a way that saves commercial banks from having to pay out on the credit default swaps insurance for which they have already taken large premiums. Tails really do wag dogs.
Keith Wallace, London EC2, UK .