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

It wouldn't.

But there are a lot of holders of Irish sovereign debt that we want to hit.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Feb 9th, 2011 at 01:15:20 AM EST
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