S&P: 60% of countries will be bankrupt within 50 years | The Raw Story - 0 views
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thinkahol * on 09 Mar 11Some sixty percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to "junk" status, effectively bankrupting the countries, says a report from Standard & Poor's ratings agency, which also warns that attempts to deal with the problem could cause social instability.