Looks like country defaults on Debt is hottest trend now The list goes on…Euro zone (Portugal, Ireland, Italy, Greece, Spain – PIIGS), Dubai, Greece, and now Australia joins the League.

I wonder who’s next and how this is all going to play out.

Interesting links on countries on the brink of defaulting:
Is Sovereign Debt the new subprime
Investors Fear Europe’s Woes May Extend Global Slump
Europe could face years-long debt grind