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Yea, because after frequently defaulting they have no problem to attract new lenders.

Just how stupid do you think people are?

Ahem.

Fitch Upgrades Iceland Rating To First Step Of Investment Grade (FEBRUARY 17, 2012)

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Carrie (migeru at eurotrib dot com) on Sat Feb 18th, 2012 at 08:13:06 AM EST
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