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The deepest crisis since the Great Depression, with its accompanying financial, banking and sovereign debt crises, has opened up splits and arguments not seen for generations. Where do they go from here? Savage austerity, which threatens the weak recovery, or possibly pump-prime the economy and risk market turmoil? That is their choice as the crisis moves into its next dangerous phase. Under the topsy-turvy logic of capitalism they are both right and both wrong. Whatever they do they will not be able to cure this unsolvable and protracted crisis of the system.