How do banks force collections on countries that owe them money?
CrO4^2- asked:
All countries, including the U.S., have a national debt, which they owe to banks, right? So how do banks collect the money that’s owed to them from all these countries?
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All countries, including the U.S., have a national debt, which they owe to banks, right? So how do banks collect the money that’s owed to them from all these countries?
March 10th, 2010 at 11:03 am
Typically, may even be in all cases, countries receive loans through the World Bank.
The link below describes what the World Bank does and how it works. tudorjason (matt)