Just default on it because you determine the debt to be "immoral".
Calling Foreign Debt 'Immoral,' Leader Allows Ecuador to Default
It is exceedingly rare in global finance for a nation not to honor its debt because it doesn't want to, as opposed to not being able to make payments because of a financial crunch. Some analysts fear it may set a precedent, emboldening other leaders who share Correa's ideology -- such as Venezuela's Hugo Chávez -- to make similar pronouncements.
Saturday, December 13, 2008
How do bankrupt countries get rid of their debt?
Geplaatst door RamsesVI op 8:52 PM
Labels: How to get rid of your debt?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment