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Thursday, July 8, 2010

We are in Recession because .......

We're in a Recession Because the Rich Are Raking in an Absurd Portion of the Wealth
Greece: Fiscal Policy and Public Finances:
Greece has historically struggled to comply with the Maastricht Treaty’s criteria for EU membership, which demands that public debt be less than 3% of GDP and with a public debt-to-GDP ratio of less than 60%.
At their January 18, 2009, meeting, eurozone finance ministers kept pressure on Greece to fulfill its commitment to cut its budget deficit below 3% of GDP by 2012.

YouTube - Dow Down; Gold Up.:

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