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2016-06-30 — zerohedge.com
... "the European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks.".. According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees... while Angela Merkel apparently shut down the original proposal pitched by Italy, Europe - surely under the guidance of Mario Draghi - has found a way to circumvent her veto power.''
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