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Grexit, page-475

  1. kacy
    11,678 Posts.
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    06/07/15
    18:11
    Post #: 15588797
    "Equity = assets - liabilities" - and when a debtor refuses to pay - the amount owed switches from an asset to a liability. Guess who is 3rd & 4th on the list -> domino effect.


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    lightbulb Created with Sketch.  Great analysis
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