Oh yes, there is a difference of around 15 percentage points between the cost of insuring bonds against default in the countries they are respectively responsible for. But then, even in the more favoured case investors are demanding a premium which amounts to an astonishing 31 percent of the amount of debt protected.
Sure, I can spot the difference … the top one is a solid 8, while the woman on the bottom is about a 6.
Sorry, if some financial genius buys government bonds (supposed to be the safest possible money saving vehicle), and spends a fortune to insure the investment at, say, AIG, he needs mental help.