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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Monday, April 26, 2010

Portuguese 5-yr CDS at record high, spread wider | Reuters

Portuguese 5-yr CDS at record high, spread wider Reuters
I'm not surprised. The unfunded liabilities in social programming in Europe are anywhere from 244% of GDP in Spain to 864% oof GDP in Greece.
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