Quote:
Originally Posted by GP_Matt
The most recent example is Sudan and South Sudan. They are currently negotiating a huge number of things and debt is definitely one of them.
In the end, I would guess that Canada would not be able to transfer debt to Quebec but would instead have to issue Quebec new debt for their share. If you had loaned money to Canada I don't think you would agree to have that debt transferred to a new country with no track record.
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Yeah but, assume Canada issues Quebec this "new debt", and Quebec says, no way, not paying. Then what?