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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 494.56+3.9%Jan 28 4:00 PM EST
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To: TobagoJack who wrote (72860)4/7/2011 11:02:08 AM
From: elmatador  Read Replies (2) of 219862
 
What if assets are sld and this would point to a solution for the rest of the countries in deep trouble?

Once a country goes bankrupt it can sell hard assets to outsiders pay down debt.

So far the 3 countries that went under: Iceland, Greece and Ireland have not much to sell.

As we get to PoRtugal and soon Spain

see please "Forget Portugal, Says Roubini — Worry About Spain"
blogs.forbes.com

faulter, they can haver attractive assets to sell:

Portugal Telecom, TAP and so on. Spain already privatizing airports, (Aeropuertos Españoles y Navegación Aérea (AENA), which operates 20 of the country’s airports) and railways.

That may encourage bigger countries to strt selling to outsiders to avoid the trigger points.
Say selling Alaska, for example.
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