@amga. I think you'd have to be careful when looking at external debt. A lot of it is concessionary and it's still pretty easy to pay back at the moment. But certainly the revaluation is going to kill us... but then again foreign assets rise and fall (as long as exports are rising too). I don't think we're facing a debt crisis (thus no haircuts in the offing; that's when we should worry).
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden