Friday, June 24, 2011

Quote of The Day

"The denial of creative destruction, by the EU, the ECB and government intervention has cut capitalism dead in its tracks.  The inability to allow debt to be written down by accepting that losses must be incurred is putting the existence of the euro on the line and is a massive bet which is, for those that understand risk, not worth taking when compared with the cost of letting Greece go." CheckRisk
ht Finfacts Ireland

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