Feasibility study: can Belgium provoke a world financial crisis in 1982 ?

[Michel Van]

In 1970s Belgium face Economic crisis and political problems that increased there national debts
1982 they faced national bankruptcy like Greece in 2008
They manage to prevent this with brutal tax rase and other actions.

But what if Belgium goes into national bankruptcy ?

Would the bankrupt bring Banks into trouble special if they had Belgium debentures and unpaid Credits ?
Special for US, French, British, Japanese and German Banks

 

[Gannt the chartist]

In 1970s Belgium face Economic crisis and political problems that increased there national debts
1982 they faced national bankruptcy like Greece in 2008
They manage to prevent this with brutal tax rase and other actions.

But what if Belgium goes into national bankruptcy ?

Would the bankrupt bring Banks into trouble special if they had Belgium debentures and unpaid Credits ?
Special for US, French, British, Japanese and German Banks

No, all the other banks get bailed out by home governments. Belgians get to work to pay off the debt.

 

[Michel Van]

Thanks for info

So Belgium national bankruptcy will have not big impact on Economic and financial market...

 

[Catsmate]

In 1970s Belgium face Economic crisis and political problems that increased there national debts
1982 they faced national bankruptcy like Greece in 2008
They manage to prevent this with brutal tax rase and other actions.

But what if Belgium goes into national bankruptcy ?

The Rest Of The World forecloses on Belgium, closes the country down and sells it off piecemeal to the highest bidder. All Hail the Greater Netherlands!

 

[Michel Van]

The Rest Of The World forecloses on Belgium, closes the country down and sells it off piecemeal to the highest bidder. All Hail the Greater Netherlands!

Yes, Political Belgium was in 1982 starting transformation to a Federal State system with five Governments under one King
with Belgium national bankruptcy, the Flemish and Walloon will accused each other for That fiasco and refuse to take responsibleness and Payments.
it's realistic chance that Belgium breaks apart as Kingdom and is divided under French, Netherland and Germany (maybe Luxemburg if they other half of there dukedom back, that Belgium conquer in 1830).
As pay compensation to National Banks of those Nation.