Hun Sen is still in power, and his son will likely succeed him.Why worry? You will just put another Hun Sen into power for for no cost.
I just want to know if Laos is in actual trouble or not.
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Hun Sen is still in power, and his son will likely succeed him.Why worry? You will just put another Hun Sen into power for for no cost.
Can anyone from Laos even confirm this is happening?
Is it me or Laotian or Cambodian have very little internet presence?
I would we could have their problems. I would not want their biggest risk though, shrinking population is worst.Do you know how dangerous Japan's economy is now?
Is China to blame for Japan's economic problems?
This is a problem affecting Japan and S. Korea, but I'm surprised it's affecting Laos too.This is because of fluctuation of US dollar to kip (Laos Currency). And it’s only temporary if they can stabilize their currency value.
That’s why better for all countries using Stable Chinese Yuan as a currency payment to pay debt.
Chinese Yuan value is much more stable than US dollar.
Laos is on brink of default. What happens? I did predict it long ago Laos would never be able to pay back the debts owned by China.
Looming Debt Crunch Positions Laos as Next Possible Asia Default
Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments.www.bloomberg.com
Have you seen the pictures of Sri Lanka? The country is finished. People dying on the street. Laos bankruptcy will have huge negative impact on ASEAN. Mass employment, hunger, poverty will return. Also, Vietnam will suffer. Cambodia will suffer. Nobody will be spared.It is between China and Laos. Why should others be bothered?
Laos' problem is not external debt, but too little foreign exchange reserves. A country with an area similar to Vietnam has a peak foreign exchange of only $1.3 billion. How can it resist the impact of the US dollar interest rate hike?Have you seen the pictures of Sri Lanka? The country is finished. People dying on the street. Laos bankruptcy will have huge negative impact on ASEAN. Mass employment, hunger, poverty will return. Also, Vietnam will suffer. Cambodia will suffer. Nobody will be spared.
Yeah, blame all the world problems on China, you insidious Turk.China is killing these underdeveloped nations...