Which Big Country Will Default First?
Which Big Country Will Default First? by Martin Hutchinson November 09, 2009 Of the world's six largest economies, three currently have budget and public debt positions that if allowed to fester will push those nations into bankruptcy (the seventh largest, Italy, also has a budget and debt position that is highly vulnerable, but its problems appear chronic rather than acute). Given the proclivities of modern politicians for delaying pain and avoiding problems, it is likely that festering is just what those positions will do. So which major country, the United States, Japan or Britain, will default first on its foreign...
Original Article: Forum: News/Activism
Tags: Bankruptcy, Budget, Debt Position, Hutchinson, Italy, Japan, Largest Economies, Politicians, Proclivities, Public Debt, United States