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14 of August, 22:31

Bank of America has named the country with the greatest probability of sovereign default
American financial conglomerate Bank of America in its own report Transforming World Atlas ( "Atlas of a changing world" took the top three countries with the greatest probability of sovereign default, reports Business Insider.




Ukraine ranked in the chart in third place after Venezuela and Greece. Russia in the same list was in seventh position. The corresponding infographic released by Business Insider. The chart was compiled based on the cost of credit-default swaps (a type of contracts, on the present which is a kind of insurance against default for bondholders of one or another country), which is directly dependent on the probability of default in the country, reports RT. Chart Bank of America also demonstrates "how well progressed" Ireland and Spain ? judging by the cost of credit-default swaps, debts of these States are considered at risk-free practice, emphasizes the journalist of the edition. We emphasize that the state dog of Russia (about $ 51 billion) ? one of the lowest in the EU, and significantly lower than the state dog USA (18 trillion) and Japan (8 trillion).

sections: Politics

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