Just don’t call it a default

Bill Bonner on how Europe's politicians have wall-papered over the cracks - yet again.

$100 billion down, $40 trillion left to go!

Hey, don't hold us to those figures. But yesterday European sages cut another deal to stave off the truth. Instead of defaulting openly and honestly as Greece has done over and over again ever since 1827 the Greeks will be rescued'.

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