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Stock Market Yo-Yo Watch

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Kenneth3/02/2009 10:03:43 am PST

re: #173 Shr_Nfr

Hungary is in bad shape too. The problem for Western Europe is that their banks, especially German, Austrian & Swiss institutions, have huge exposure to east European debt. When the east Europeans default on those debts, the banks collapse. Which is why the EU decision not to bail out the east is so stupid.