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It's a lot of money, but not beyond experience. The size is between the two Argentine defaults and the Greek one. «While the debt is substantial, it’s probably
by Arnt 5y ago
It's a lot of money, but not beyond experience. The size is between the two Argentine defaults and the Greek one.
«While the debt is substantial, it’s probably not enough to cause a systemic problem for financial markets. That’s the view of International Monetary Fund Managing Director Kristalina Georgieva, who said last weekend that banks’ exposure is “not systemically relevant.”»