Sri Lanka Prime Minister says the country is 'bankrupt'

Sri Lanka's prime minister says the country is officially bankrupt. The South Asian country defaulted on its debt for the first time in its history as an independent nation in May. SIshaan Tharoor, a foreign affairs columnist at the Washington Post, joins CBS News to discuss why Sri Lanka's financial crisis continues to worsen.

#news #srilanka #worldnews

[PlayAllNightt]

i love that the entire worlds economic woes are a result of the war in ukraine. definitely not the central banks tho.

[emiliobello]

Sri Lanka is never mentioned enough in US News

[manuelmacalinao]

No one to blame but the people who voted for those leaders.

[donaldkasper]

Wherever I can, I grow my own food, and with a farmer, raise out own livestock. Chickens. Fruit trees. Spice plants. Herb plants. All of it. With land you can be partially independent.

[elbobsi]

This has nothing to do with the Russian invasion.

[FrankDad]

Meanwhile, in the US, we have farmers destroy perfectly good crops and get paid by the government while that food can go to aid. Sad

[barrychmak]

10% of Sri Lanka debt is from China, 12% from Japan & 45% from Western countries .
Western countries Debt Traps ( IMF etc .... ) are 4.5 times bigger ? ? ?
Sri Lanka has grown too much Tea for UK, and not enough food for themselves .
They are not able to obtain enough money from UK on their Tea, to buy enough food at present .
Good leaders have to plan and take good care of their own people .
Leaders from Sri Lanka & US have failed in taking care of their own people .

[wilmagaron]

Let's go shri Lanka!!! Let's go Albania!!! Makes us Americans feel shame!!! Fight and claim what rightfully belongs to you and your people!!! God bless us all!!!! before gas is 1.76 now 5.10/gal. failed Policy in US too, i't happening it here now

[shifty]

Just a matter of time till that spreads to other countries. Sri Lanka was in debt and couldn't pay their debt to the World Bank

[tmuny]

Government mismanagement ! This sounds familiar to Americans !

[myquestionaskingaccount]

Stop blaming russia and ukraine. It has nothing to do with it

[alexgreen]

It's time to STOP begging GO HOME GOTA and CHASE THE RAJAPAKSA THIEVES TO JAIL FOR THEIR CRIMES OF STEALING SEVEN BILLION DOLLARS FROM POOR AND STARVING LANKANS

[anonymousmercenary]

It’s all politics and games like usual until a country goes bankrupt. 🤷‍♀️🤷🤷🏽‍♂️

[yayat]

I know how a company is bankrupt, but a country? Can anyone explain it to me? I don't know how a country is bankrupt.

[TECHN]

I’m sure Chamath & others can donate a few billions

[riggingpots]

Some blame goes to the bankers and their mansions

[Baslium]

Wow this is the reason why you shouldn't get too close to China

[ChemicalXII]

"U.S. leftist should be calling that 'The darkest day in Sri Lankan history.', LoL.".

[Seattle]

Wow they went into receivership to the bankers.

[tulusfernando]

When barbarian Rajapakses are in power the end result is chaos