By John Galt May 30, 2011 The race against time is being expressed by the news which Reuters just flashed across the wires: EU racing to draft second Greek bailout: sources If the European Union fails to conclude a new agreement for the Greeks, then odds of a default rise substantially and would create instability within the European banking system. The bigger issue which has the banksters terrified in Germany, Belgium, Holland, France, and Austria is that by allowing Greece to default instead of continuing…




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