Call me slow if you like, but how can a country that
- has a currency like this
- that ran a U$16.8Bn trade deficit in 2008
- that has an economy set to drop by 5% this year according to Morgan Stanley
- and that according to this Bloomie report, is about to accept thirty to forty billion dollars in bailout cash from the IMF
How can it still be classed as “investment grade”? Can somebody please explain this one to me?