Congratulations to Iceland. Fitch has upgraded the country to investment grade BBB – with stable outlook, expecting government debt to peak at 100pc of GDP. We have been told that there is no way out of the debt burden that has been imposed on Irish citizens as a result of the collapse of the banks. But that, after all, may be no more than propaganda.
Sunday, 19 February 2012
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Britannia Radio
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08:37