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Pakistan facing bankruptcy - geopolitical implications?

(2 Posts)
Upwind Wed 08-Oct-08 10:19:41

www.telegraph.co.uk/finance/financetopics/financialcrisis/3147266/Pakistan-facing-bankruptcy.html

'Given the country's standing as a frontline state in the US-led "war on terrorism", the economic crisis has profound consequences. Pakistan already faces worsening security as the army clashes with militants in the lawless Tribal Areas on the north-west frontier with Afghanistan.

The economic crisis has already placed the future of the new government in doubt after the transition to a civilian rule. President Asif Ali Zardari has faced numerous but unproven allegations of corruption dating from the two governments led by his wife, Benazir Bhutto, who was assassinated last December.

The Wall Street Journal said that Pakistan's economic travails were "at least in part, a crisis of confidence in him".'

whomovedmychocolate Wed 08-Oct-08 21:36:30

Very worrying. Lucky it's not an oil rich nation or we/the US would have invaded them already....oh no wait a sec - we did that last week didn't we? hmm

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