Both of them are doing it under pressure from the US to reduce how much debt they owe.
Many of these securities do not have a secondary market that isn’t in the US. Push comes to shove the US can block a lot of these trades.
Many of these securities do not have a secondary market that isn’t in the US. Push comes to shove the US can block a lot of these trades.
If you really want to see a re-run of 1929 that would be the way to get it.
Citation please?