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    I suspect there will be another crisis point before then Peter. We cannot even be sure that this deal will truly stick.

    They cannot go on forever like this. Right now we the less indebted countries going deeper into debt to help the vastly over indebted. They are not addressing properly or seriously the fundamental weaknesses that got them into this position in the first place.

    Lets just look at the price being asked by Germany and others... basically an end to Greek democracy. They will deny any sovereign rights of the people of Greece to elect their own government and set their own fiscal policy. Basically they are introducing a form of dictatorship. What happens when Spain, Portugal or Italy need a bail-out?

    We are entering very dangerous territory here and it could be explosive.

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