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Doing business in a bankrupt state
- Joakal 15y agoAlso a good mention is exchanging tangible assets or safe currency. For example using EU dollars for transactions because it's backed more. And, security. Always good in an unstable environment.
- cynusx 15y agoThe currency is stable, that is part of the problem. Because their debt is nominated in euro and not in a currency they can inflate or devalue they'll have to actually pay back what they have spend.
- nickpp 15y agoFor a second, I thought he was talking about California.
- seanp2k 15y ago>" Doing business in a bankrupt state"....Is not that hard. Pointless article.
- hga 15y agoIt might not be that hard, but getting the lay of the land is at minimum useful. Especially if your nation and/or state may well end up in a similar mess (e.g. US, California/Illinois/New York).