Procap
I have to overlay all of this on the fragile EU banking situation but it doesn't stop with the PIGITS (the T is for Turkey).
I'm not up to overlaying the underlying strengths and weaknesses for the BRICS just now.
Avoiding debt defaults in the context for anaemic global growth and unrepayable debts is one thing. Remove what growth there is and the result is sadly predictable.
cheers
