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Asia's Message to Europe: Time to Bite the Austerity Bullet
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Asia's Message to Europe: Time to Bite the Austerity Bullet

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Asia's Message to Europe: Time to Bite the Austerity Bullet

Europe should devalue its currency and take on reforms so that it can emerge from the debt crisis stronger like Asia did in 1997, said Bank of Thailandís Governor, the latest Asian figure to prod Europe to accept tough bailout terms.

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