After years of bitter court battles with creditors, Argentina has defaulted on its debt, according to rating agency Standard & Poor’s. Argentina is not the only country that has struggled, or even failed, to pay its debt in recent years. On the other hand countries like Saudi Arabia has deployed thousands of troops from Egypt and Pakistan along its frontier with Iraq, amid fears of invasion by the al-Qaeda splinter group that has declared a radical Islamic state across the border. Every year Saudi Arabia spents a whopping amount of money becoming teh world fourth largest defence spender . Something the world should be cautious of ..
Posted on: Sat, 02 Aug 2014 14:43:41 +0000