E.U. IMF Debt Revolt, Greece, Iceland, Latvia May lead the Way

Economics / Global Debt Crisis
Dec 22, 2009 - 12:46 PM
By: Ellen_Brown

Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.

Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measuresâ€