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Should public outcry move beyond protests in the periphery to the core, the future of the Euro-zone, and the Euro, will be at stake. This is a scenario unlikely to occur before early 2012 now that the can has been kicked down the road once more.What were the reasons behind the downgrade. Whilst ratings agencies continue their trend of being behind events -when in fact they should be making an effort to get ahead of them- their analysis is often useful. they have presented their analysis in the wrong order but beloware the driving forces behind it.

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So uranium prices cannot stay where they are right now. It's only the in-situ recovery (ISR) production projects, which are cheaper than conventional mining projects, that can actually survive this kind of a market.

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