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Yes, that's what JakeS is talking about when he talks about hard default leding to lack of access to international credit markets which, for a net importer of food and fuel with a current account deficit is tantamount to a wartime blockade.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Tue Feb 12th, 2013 at 03:45:49 AM EST
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