| Dumadum Ltd. stopped trading from Sept 2008 | |||||
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| Credit Default Swaps are used as a measure of a particular countrys risk of defaulting on its loans. The score is the cost of insuring $10,000 worth of debt over 5 years. In the last week of Jan 09 the US was at 75, while France and Germany were at 68 and 59. This might theoretically imply that the Eurozone was in better shape. Unfortunately the risk of other Eurozone nations defaulting is much higher. Irelands risk level was 285, Greece 283, Italy 184 and Portugal 145. | |||||