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We see one country from the Horn of Africa, a number of countries from the EU15 (Italy and Germany are not far below that dotted line), the USA, and again Belarus and Tayikistan.
Looking at currency reserves was not the right thing to do, as was discussed in that diary's comments and further clarified here. But still, it is interesting that the PIIGS did show up among the most vulnerable countries in my exploratory analysis.
The brainless should not be in banking -- Willem Buiter
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