This gives you the equivalent of a short position in the Euro.

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This covered-call position is equivalent to a short put.

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Stirrup, whose position is equivalent to Adm.

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"The Ariad position is equivalent to discovering that gravity is the force that makes water run downhill and then demanding the owners of all the existing hydroelectric plants begin to pay patent royalties on their use of gravity, " says Armitage.

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If you buy 33% of your normal position and it goes to zero, you lost the equivalent of a 33% loss on a blue chip.

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But Nicosia is in no position to bail out the banks itself since it already has debt equivalent to 87% of its GDP and long ago lost market access.

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The LOBO administration inherited a difficult fiscal position with off-budget debts accrued in previous administrations and government salaries nearly equivalent to tax collections.

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