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Just as our own Congress did with the debt ceiling, the Europeans may wrangle up to the 11th hour or so. They may utter all sorts of oaths about private sector haircuts and moral peril. They may refuse to make further bailouts. But when the theatrics are done, Germany and fellows will work out some arrangement among the big European governments and the big banks, because knowledge no alternative choice. The International Monetary Fund includes 185 countries and it's responsible for overseeing international eco
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