The “choice” (from this article) was made a long time ago, by a very few men. The “backstop” is code for centralization of power.
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“We’re now heading into a very final phase of this crisis where we are at a crossroad, where we either have to have a proper backstop or we’re going to face a breakup,”
via Euro Nations Renew Talk of IMF Role as EFSF Falls Short – Businessweek
