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    Roger - you are quite right.

    Excessive public spending is public enemy no 1. The Greeks have some justification for blaming Germany simply because while the Euro is held down as it is by the weaker countries Germany was coining it in. It is all coming to a very sticky end. There is no stabilisation PaulB, just a pause that will not last long.

    Greece were irresponsible but so were many other European governments that hid behind the Euro and Germany. This is why the currency is doomed in its current guise.

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