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Weeks ago, in my inner circle of friends with whom we engage on an intellectual discourse on matters of great public interest, a member asked an interesting question.
That is, can a country really go broke or completely bankrupt? The context of this question was around the economic crisis that was evolving in Sri Lanka and the paradox of our big infrastructure projects with their attendant debt costs.
Unfortunate as the case is, this question seems to have been answered conclusively with the events of the past few days.
Facts First
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