Re: Jamaica's debt hits $1 trillion - UK writes off £5 milli
Mangoskin said:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">cant default the credit rating of the country would go down, they wouldnt be able to borrow, the investors would be stop investing etc </div></div>
Littleman says:
<span style="color: #660000">That's why I said, "that would cause a debtworthiness problem."
Thanks for the info though...</span>
RichD said:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> if the money was owed to multilaterlas and foriegn countries only it would not be as impactful to defualt...but much of jamaica's debt is helt by private people includingmany jamaicas..defualting would have dire consequences.</div></div>
Littleman says:
<span style="color: #660000"> Anybody daring enough to take on the debt of a country that owes so much deserves to be burned...
Just kidding...</span> [img]/forums/images/%%GRAEMLIN_URL%%/desdentado.gif[/img]
Mangoskin said:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">cant default the credit rating of the country would go down, they wouldnt be able to borrow, the investors would be stop investing etc </div></div>
Littleman says:
<span style="color: #660000">That's why I said, "that would cause a debtworthiness problem."
Thanks for the info though...</span>
RichD said:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> if the money was owed to multilaterlas and foriegn countries only it would not be as impactful to defualt...but much of jamaica's debt is helt by private people includingmany jamaicas..defualting would have dire consequences.</div></div>
Littleman says:
<span style="color: #660000"> Anybody daring enough to take on the debt of a country that owes so much deserves to be burned...
Just kidding...</span> [img]/forums/images/%%GRAEMLIN_URL%%/desdentado.gif[/img]
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