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Sri Lanka declares bankruptcy, what happens next?

DerekJohnson
Administrator, Swaye's Wigwam Posts: 68,543

in Tug Tavern
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You get to declare bankruptcy once, then you have to have some positive cash flow to live on and then once stable, some lenders might step in and lend you money, but again, they are now looking for positive cash flow to pay off the new debt. Sri-Lanka doesn't and is really phucked. Pretty sure the US needs to just print some US dollars for them and that will be be great for them and the US.DerekJohnson said:
You would think that our PMS housewives and our leftards could figure that out, but apparently, Milton Friedman isn't in charge anymore as we have suspended gravity. -
Bill Gates nails it in 2018. Sri-Lanka or bust. Dazzler like world perspective.
https://www.dailymirror.lk/Breaking-News/Bill-Gates-commends-Sri-Lankan-healthcare-system/108-148754
Bill Gates commends Sri Lankan healthcare system
18 April 2018 09:28 am
Sri Lanka and Bangladesh have built very high quality primary healthcare systems, staffed primarily by women healthcare workers, co-founder of Bill and Melinda Gates Foundation, Bill Gates said.
He expressed these views while speaking at the joint forum of the Commonwealth Head of Government Meeting held in Westminster on Tuesday. -
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When will Biden start talking about the Sri Lankan Price Hike?
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Glad to see they are masked.hardhat said: -
China is imploding. But Slo Cho will soon send them a lifeboat.hardhat said:
https://www.cnbc.com/2022/07/06/former-us-trade-negotiator-expects-a-modest-rollback-of-china-tariffs.html -
The world would be a better place if someone at Lakeside had laid the wood to Bill during Smear the Queer.RaceBannon said:
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I don't recall why Gates would have been such a polarizing figure back then.RaceBannon said: