Indeed, even to give an exact evaluation of the debt liabilities of the former Soviet Union is extremely difficult.

CENTERFORSECURITYPOLICY: Center for Security Policy | Russian Debt Relief Train Leaving The Station; Will The Bush Administration Get On Board?

As we have pointed out over the past year in our disclosures and quarterly calls, we have taken advantage of the dislocations in the European sovereign debt market by buying short dated debt in European peripherals and financing those securities to their exact maturity date.

FORBES: Banks Rebound As Fed Wraps Up Meeting, Bernanke Prepares To Speak

Often over the coming years, the exact opposite of compromise, difference-splitting and cosy half-measures will be needed to deal with a debt crisis big enough to make even the drama of the past week look like a frivolous sideshow.

ECONOMIST: The new coalition government