yeah... wipe their debt ... so they can start the whole process of failing again!
WTH! unless they CHANGE they will be in the SAME situation not long from now!
SOCIALISM ALWAYS FAILS.
Where did I say that we should wipe their debt? I didn’t. I’m just advocating for prosecuting those responsible for accumulating that debt in the first place. I’m sure many corruption charges could be found if anyone bothered to look into those PR politicians.
Actually, allowing defaults to bond holders would be a good thing for a host of reasons, primarily to discourage poor lending practices at the local government level