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Warren Mosler explains the Euro crisis, how it compares to the USA and what they need to do to fix the crisis (via NewsMax):

“Mosler said in an exclusive interview with Fred Fleitz, managing editor of the Langley Intelligence Group, Newsmax Media’s new global forecasting and intelligence website, that it is crucial for European states to upgrade their capacity to issue debt. He has been working with the Greek government and financial institutions on a way to do this with a plan under which Greece would allow those who hold Greek bonds to use them to pay Greek taxes in the event of a Greek default.”

Source: NewsMax


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