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[Note: Sorry. I misspelled "Iceland" a couple of times in the preceding reply. The Czech spelling is "Island"--it slipped into my reply :-]


THE LAST REPLY (I heard that! Stop screaming "Hooray!" :-)

Quotes from the article that you provided us:

"Ukraine is in talks with the International Monetary Fund over emergency LOANS"

"Hungary was on Thursday bailed out with a €5bn LOAN facility from the European Central Bank."

and other related sources

"California May Need $7 Billion LOAN from Treasury"

"The Federal Deposit Insurance Corp., whose insurance fund has slipped below the minimum target level set by Congress, could be forced to tap tax dollars through a Treasury Department LOAN"

Etc. Etc. Etc.


I am very confused, Richard. Please help me. I thought that LOANS got the world into its current mess. The remedy is more LOANS? (Is this medicine like "the hair of the dog that bit you"?)
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