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(ECONOMICS) debt owned by a national government to all creditors foreign and domestic. Backed by the national government's power to tax.
Even after the International Monetary Fund worked out a bailout for Greece, other sovereign debt crises could still arise in Spain, Portugal, and Italy.
by Abu Yahya May 05, 2010
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Cleveland Steamer Plush

The vengeful act of crapping on a lover's chest while they sleep.

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