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Is bankruptcy an option that this autocratic regime would take for their company or would it be too detrimental to the image of mbs? What happens if they just
by bostonsre 5y ago
Is bankruptcy an option that this autocratic regime would take for their company or would it be too detrimental to the image of mbs?
What happens if they just decide to stop paying international debt/bond holders? Is that even an option?
- danans 5y agoThe old adage goes: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." So perhaps somewhat conversely: "If the Saudis owe you $1 billion and decide not to pay you, that's your problem."
- elliekelly 5y agoArgentina did. Several times I think. It actually turned into an interesting legal issue (if you find the technicalities of these things interesting, at least) because of the language used in the settlement. https://en.m.wikipedia.org/wiki/Argentine_debt_restructuring https://en.m.wikipedia.org/wiki/Argentine_debt_restructuring
- reducesuffering 5y agoOh it's an option. Just one that would preclude receiving anymore foreign investment for the next several decades.