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financial crisis might cause a number of countries to go bankrupt

http://georgewashington2.blogspot.com/2009/02/german-chancel...

In an article entitled "Can Countries Really Go Bankrupt?", Germany's leading newspaper, Der Spiegel, boldly addresses the fact that the financial crisis might cause a number of countries to go bankrupt.
The article contains the following quote:
"There's a rumor going around that states cannot go bankrupt," German Chancellor Angela Merkel said recently at a private bank event in Frankfurt. "This rumor is not true."
Merkel is not alone in saying this. The Spiegel article quotes two top American economists - Carmen Reinhart and Kenneth Rogoff - who say that states might go bankrupt because they do not understanding the financial crisis, and are repeating mistakes from the past
It would be an illusion to believe that countries have learned from their past mistakes, US economists Reinhart and Rogoff warn. In fact, another state could go bankrupt at anytime and take its people down with it.



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I disagree

Any country that matters is already illiquid.

As we all know the US was declared illiquid and taken over by the owners of the Fed in the 1930's

No need to worry about bankruptcy....already bankrupt.

This new wave of national bankruptcy talk is a hose job that is being used to leverage YOU into doing what THEY want.

I wonder about this website and this article...they don't seem to be very well informed.

US has been "bankrupt" for quite a while....no "news" here.

Unify