Originally posted by doodab
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These new bailouts will just gain us a little time. In that time hopefully they will restructure the debt ie the lenders will have to accept losses on their loans.
Besides Greece: Portugal, Ireland and Spain are supposed to be the next time bombs, but Italy also have sizable problems.
All in all it will take years/decades to sort out with many debt restructurings, bailouts and defaults along the road.
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