Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, that's what JakeS is talking about when he talks about hard default leding to lack of access to international credit markets which, for a net importer of food and fuel with a current account deficit is tantamount to a wartime blockade.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Feb 12th, 2013 at 03:45:49 AM EST
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