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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: mcg404 who wrote (18371)5/24/2003 10:38:09 AM
From: sea_urchin  Read Replies (3) | Respond to of 81956
 
John > How do you imagine this plays out? Actual default (or re-negotiation) of debt obligations?

I suppose I must leave that to your imagination. After all, if someone can't pay, he can't. But the game has to continue so they will have to cancel the interest payments or maybe write off some of the debt or both.

Anyway, I'm sure the banks have already worked out a scheme. They are experts in creating something out of nothing and nothing out of something.