What Happens when Countries Go Bankrupt?

What Happens when Countries Go Bankrupt?
The International Monetary Fund has already helped out Ukraine, Iceland and Hungary.
If many more countries need assistance, the IMF may need help of its own.

First it was mortgage lenders. Then large banks began to wobble. Now, entire countries, including Ukraine and Pakistan, are facing financial ruin. The International Monetary Fund is there to help, but its pockets are only so deep. (Pics)

Continue reading… “What Happens when Countries Go Bankrupt?”

0