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Are we now? So it is sovereign default? But then of course all these odious debt arguments are irrelevant. Or is all debt of the irish state now odious?

To be honest, I don't get this: "it can't be paid argument anyway." Belgium had a public debt higher then 100% of gdp too. Even if we ignore Japan, there is also Italy.    

by IM on Fri Feb 4th, 2011 at 11:27:20 AM EST
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