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The cost of trusting the Brits
Phil Mac Giolla Bhain · Oct 21, 2022

The cost of trusting the Brits

The cost of trusting the Brits
The cost of trusting the Brits

The etymology of the word “credit” means “belief” or “trust”. To be creditworthy means that the lender believes they will be repaid on the due date etc. In the end, it is all about the perceived risk of default. That is true of individuals, companies, and, crucially, countries...

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