http://www.ft.com/intl/cms/s/0/55d094cc-9e74-11e1-a24e-00144feabdc0.html#axzz1uyiqeC6V By Marcus Miller and Robert Skidelsky Almost 100 years ago, a young official in the UK Treasury sought to advise European policy makers on how daunting external debts might best be managed. There was, he argued, a limit to the national capacity to service debts. Those expecting further payments were bound to be disappointed.…
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