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2009-02-22 — eurointelligence.com
``The Maastricht Treaty’s no bailout rule is a bad rule because most of the time it is irrelevant, and the minute it become relevant, it is unenforcable. Luckily this poses no problem from a legal perspective, which is another reason why the no bailout rule is a bad rule: The minute the bailout rule becomes relevant, another rule takes precedence. It is contained in Article 100 of the Consolidated Treaty. We call it the Bailout rule. ''
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