Emerging Markets - Can You Insure the NoDefault Case?

The thing that's glaring right now are the stressed and distressed a emerging countries. The difference between the high yield sub piece of our hard currency bench mark versus the investment grade one is at very, very wide levels. Within that subset, there are arbitrage like positions that can be set up. And i think those make some of the most interesting opportunities. You want to name names? I would say ivory coast is one, gana is one. A al salvidor one. There's a interesting one, really interesting.