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mk · 4580 days ago · link · · parent · post: The Revolution Governments World Wide Don’t Want You To Know About
Here's a related story by that liberal bastion, The Wall Street Journal. ;)
I wouldn't expect the US to take an example from Iceland, but Greece might. Sovereign debt is not the same as private debt, as much as banks would like the debtors to believe that it is. A Greece outside of the Eurozone will get new credit.