Apparently the PIIGS owe (Swiss) big pharma some $20 billion. For the past 3 years they've been issuing IOUs instead of paying cash.
http://www.swissinfo.ch/eng/business/Recession-hit_nations_owe_pharma_firms_billions.html?cid=32185254
Who else have they been not paying? And who do they think they are, writing all these IOUs, California?
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