I feel sovereign default is good since it will discipline the country’s government. Investors will not be willing to lend money to the govt & that will force the govt to balance its budgets. Also it will be forced to NOT promise what it can’t give.
This entry was posted on Saturday, April 17th, 2010 at 12:06 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
