is there a under limit to the worlds debt ?

[Oberon]

Originally Posted by Moonlight

What would happen if the countries in that link refused to pay any more of it back. Would there be any wars because of it, or would it lead to another financial meltdown to make any other look like a monkeys tea party.

http://en.wikipedia.org/wiki/Argenti..._restructuring

If all the countries refused to pay it back, then yes it would probably make the 2008 crash look like a walk in the park.