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Thread: take on

  1. #1
    olegv is offline Member
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    take on

    Can you please explain me the meaning of the last sentence. Thanks


    "The 6 countries that make up the core of the Eurozone all have foreign dollar denominated claims which are well over 100% of their respective GDPs!
    These countries took on an amount of Dollar exposure that would take on a country's entire GDP to fund and then some."

  2. #2
    billmcd is offline Key Member
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    Re: take on

    Quote Originally Posted by olegv View Post
    Can you please explain me the meaning of the last sentence. Thanks


    "The 6 countries that make up the core of the Eurozone all have foreign dollar denominated claims which are well over 100% of their respective GDPs! These countries took on an amount of Dollar exposure that would take on a country's entire GDP to fund and then some."
    took on = accepted / take on = accept

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