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Pulling the plug on Greece would have potentially catastrophic consequences, the ECB's threats are completely empty. Despite all the bluster, it has no choice. The ECB has to ask itself how it can stabilize the financial system, not undermine it.

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    Quiz

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    Who said: "Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future."?
    A Jimmy Carter
    B John F. Kennedy
    C Gerald Ford
    D Lyndon B. Johnson