By Wolf Richter www.testosteronepit.com
At the beginning of the week, participants in the G-20 meeting in Cannes were still thinking that their sojourn in the ritzy town on the Côte d'Azur would be a relaxed affair of photo ops, handshakes (air kisses between Merkel and Sarkozy), and fancy dinners, interrupted by rubber stamping the previously negotiated Grand Plan of bailing out Greece, bondholders, and banks. And in between, they’d put Italy back on some kind of unspecified
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