Friday, November 11, 2011

The system would survive because some countries like Germany still have credibility

"Get everyone in a room and decide you will go bankrupt. You will survive and we`re going to ringfence you. We`ll make sure your checks clear. Everyone`s deposits are going to be ok, the system`s going to survive. "But we are going to have a lot of pain that way the system would survive because some countries including Germany have credibility," - in CNBC

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