What Happens If A Country Goes Bankrupt?

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Published on Feb 6, 2015
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Subscribe! http://bitly.com/1iLOHml Many countries have been almost or completely bankrupt in recent history with Greece now on the brink of bankruptcy. So, what happens when countries go bankrupt? Learn More: Syriza’s historic win puts Greece on collision course with Europe http://www.theguardian.com/world/2015... “European politics has been plunged into a volatile new era following a historic victory in Greece’s general election by far-left radicals committed to ending years of austerity.” Seized Argentinian sailing ship leaves Ghana http://www.theguardian.com/world/2012... “An Argentinian navy ship detained for 10 weeks in Ghana because of a dispute with a US-based "vulture fund" has finally set sail from west Africa.” Iceland's Stabilized Economy Is A Surprising Success Story http://www.forbes.com/sites/traceygre... “Faced with the possibility of financial failure, Iceland had to think on its feet. Instead of bailing out banks USA-style, the country forgave mortgage debt for the population – and completely started over from square one.” Watch More: What Do the UN and NATO Actually Do? https://www.youtube.com/watch?v=S6qWz... Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_c... TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special Thanks to Matt Lieberman for hosting TestTube! Check Matt out on Twitter: https://twitter.com/mattlieberman

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