At worst, they could pile up Mr Mbeki's political debts for the future.
ECONOMIST: Who is Thabo Mbeki?
Like Mr Giuliani eight years ago, he is a Republican, with few political debts to the Democrat apparatchiks in City Hall.
ECONOMIST: New York's mayor
That is close to the 7% level that Italy reached last month, triggering anxiety among Europe's political leaders that Rome's debts were becoming unsustainable.
BBC: Euro falls below $1.30 for first time since January
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