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How would a sovereign default hurt anyone but the ECB (and other holders of Irish sovereign debt)?

I'm all for hitting crooks, but it seems to me that because of the willfull insanity of the Irish governement, the ECB and the other euro governments, that window of opportunity is closed.

The best thing I can see is an Irish partial sovereign default, where they default on all debt except that held by other euro nations (i.e. the ECB).

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue Feb 8th, 2011 at 09:02:04 AM EST
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