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The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.

Andrew Ross Sorkin

Biography

Author Profession: Journalist
Nationality: American
Born: February 19, 1977

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