What is third world debt?

If third world countries stopped paying their debt?

  • What would happen if all third world countries who are in debt to the USA just REFUSED to continue paying them?

  • Answer:

    hahahaha..good one..dude none of these basket case countries pay crap !

vitaminx at Yahoo! Answers Visit the source

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Other answers

Most do exactly that.

Many of them are not making any attempt to pay. Where did you get the information that the country is getting debt paid back to them?

They just take out another mortgage for a longer period. Many do not repay their loan, as they still are basket cases after the loan.

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