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455: Continental Breakup

If you're like us, when the words "European debt crisis" pop up in the news you feel a little worried, and a little like taking a nap. Turns out, there's a story behind this story. One that's filled with guilt, and drama, and betrayal, and 100-year-old dreams come true. Alex Blumberg of Planet Money guest hosts.
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  • Chana and Alex tell what happened next, when technocrats in Germany and other solvent European countries tried to fix the crisis by actually enforcing the original rules for Euro Zone membership. It turned out that even determining the real deficit in Greece was no easy task. (9 1/2 minutes)