No expects a solution without pain. Its simply a matter of managing defaults in a controlled manner which they most certainly can, and will do. That is the "solution" the market seeks, Not surpluses!
Everyone has become so cynical that they poo poo debt restructuring as Kicking cans down roads where in fact its sensible risk management and thank god the Germans are leading the way. We havn't had sovereign defaults in the west for a while but its hardly unprecedented, always works, and will happen again...soon.
Ann: Fortescue Debt Offering , page-24
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$18.49 |
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Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
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