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May 29, 2012

Europe’s debtors must pawn their gold for Eurobond Redemption

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The German scheme -- known as the European Redemption Pact -- offers a form of "Eurobonds Lite" that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy, Spain, Portugal, and other states... FF News: Fundamental

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