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2011-07-05

BBC News - Who defaults first: Greece or the US?

Will the US government default on its debt before Greece does?
The fact that I can even pose the question tells you we live in peculiar times.
With its next tranche of money from the IMF-EU bail-out now assured, we can say with some confidence that the Greek government will not default next month.

Incredibly, the same cannot be said of the US Federal Government.

BBC News - Who defaults first: Greece or the US?

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