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France: UK Ignoring Brexit Bill Would Be Sovereign Debt Default

Video Credit: Wochit News - Duration: 00:47s - Published < > Embed
France: UK Ignoring Brexit Bill Would Be Sovereign Debt Default

France: UK Ignoring Brexit Bill Would Be Sovereign Debt Default

A source close to French President Emmanuel Macron said on Sunday that failing to pay a $50 billion Brexit bill when Britain leaves the European Union would amount to a sovereign debt default.

According to Reuters, the source said, for a nation to not honor its payment obligations is a failure of international commitments equivalent to a sovereign debt default, "whose consequences are well known.

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France: UK Ignoring Brexit Bill Would Be Sovereign Debt Default

FRIDAY, MAY 24, 2019 FILE PHOTO 12345678




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