German Chancellor Angela Merkel visited Brussels this week to confer with the European Parliament and the Commission on the best way to tackle the sovereign debt crisis and the recapitalisation of Eurozone banks which may be affected from a larger than planned haircut of the Greek debt. At this point, it must be reminded that on 21 July the seventeen Eurozone leaders decided to put together a second package  of €109 billion to support Greece, and also, make the private sector...

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