France: UK Ignoring Brexit Bill Would Be Sovereign Debt Default

Credit: Wochit
Published on June 9, 2019 - Duration: 00:48s

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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