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Because it's the country that can't pay its debts. Liquidity is more important than total value. A country with massive debts that can pay the interest is fin
by AndrewDucker 15y ago
Because it's the country that can't pay its debts. Liquidity is more important than total value. A country with massive debts that can pay the interest is fine. A country with small debts that can't pay them is in real trouble.