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Thursday, May 20, 2010

Germany could be preparing for a complete euro collapse

Zero Hedge has long claimed that Greece will be forced to default, with the only question being how this will be structured by Europe in a way to not allow the evil speculators to make buck on this process.

Today, Greece shot itself in the foot a little after announcing its latest debt number, which makes any expectations of climbing out of its Keynesian hole even more laughable.

As Market News reports, "Greece's general government debt rose to E310.3 billion in 1Q from E298.5 billion at the end of last year, according to data released Wednesday by the General Logistics Office of the Finance Ministry."

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