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These Are The PIIGS; These Are The PIIGS On Drugs

It’s not just banks who can’t collect:

This whole story blows me away. I’m not surprised that the bankrupt PIGS are late payers. But three-years? That’s ridiculous. If the PIGS are stiffing drug companies, who else are they stiffing? Are they paying for the oil they use? Food? How big are these trade IOUs?

 

Posted in Economics.

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