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UK not paying Brexit bill would be debt default, French source says

Credit: Reuters- Published 2 weeks ago
A source close to French President Emmanuel Macron said on Sunday that failing to pay a 39 billion pound ($50 billion) Brexit bill when Britain leaves the European Union would amount to a sovereign debt default.
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Credit: Wochit News
Published 2 weeks ago -  00:47
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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