I wish they had said something about what kind of effects this will have if any on our economy???
NEWSFLASH!!!!!!!!!!!!!!!!!!!! Mal Pagossssssssssss!!!!
Posted: 08/14/2012 in Belizean Politics, NewsFlaaaaaassssh!!!Tags: Aria Lightfoot, Belize, Belmopan, Dean Barrow, Fayemarie A Carter, mal pago, Ministry of Finance, superbond, US Dollar Step Up Bond
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Here’s a good outline… http://fiwebelize.com/2012/02/21/what-happens-when-a-country-defaults-on-their-foreign-debt-or-gets-a-bailout-to-avoid-foreclosure/
Meanwhile, the US is paying bubkis on its own securites. My husband and I are paying 3.5% on $850,000 US over 30 years while Belize is being asked to pay 8.5%. Talk about US colonialism!