By Tim Iacono (Guest Post)
Now completely back into the swing of things after what seemed like an unusually long absence over the summer, time that was presumably taken for a good long break from focusing on the world’s financial market woes, Ambrose Evans Pritchard at the U.K. Telegraph files this comprehensive report on why Europe is about to go up in flames. First we learn from planted leaks that Germany is activating “Plan B”, telling banks and insurance companies to prepare for 50pc haircuts on Greek debt; then that Germany is “studying” options that include Greece’s return to the…
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