What happens when a country goes bankrupt?

bankrupt

Gino’s mom asked:

I live in Greece since 25 years and it seems this country is on the verge of going bankrupt. I have no idea what that means for the common citizen. Anybody can give me some info. Thank You for answering.

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1 comment to What happens when a country goes bankrupt?

Ac!d Snake

March 3rd, 2010 at 3:32 am

Well, in the old world what would happen is people would sell their land to the highest bidder – usually the nearest imperial power.

Nowadays it’s more about economics and capitalist agendas though.

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