Quote:
Originally Posted by rhyds
The only thing that does concern me about this whole debacle is what the international bond markets will make of it. We're borrowing so heavily that to simply refuse to pay could lead to some seriously "interesting" movements in that market.
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It wouldn't be considered a default of any kind and wouldn't be indicative of the UK's creditworthiness.
If the bond markets are feeling feisty there are a ton of EU countries they could attack, alongside the USA.