In an ambitious campaign to catch up to their Hongolian and Octavian rivals, the Pacific Exchange (PXE), a politicoeconomic grouping of countries led by Herwan, has built itself into bankruptcy.
By January 2, 2005, Herwan had found itself with over 6 billion altoes in unpaid debt. The World Bank has given the Pacific Exchange until the release of the January Financial Statement to pull itself out of bankruptcy or face national partioning to pay creditors, as is the case in Nosheenada.
The financial situation in Conton, Ichiben, Jabourgh, Novara, and Soozhou is less dire but these countries also find themselves bankrupt. Ichiben, Novara, and Soozhou are direct Herwanese mandates while Jabourgh is a Contonese mandate. Together Conton, Herwan, and their domains make up the PXE.
Market specialists assert that this latest strategy from the PXE is extremely high-risk. Should they succeed, the PXE could find itself on par with the burgeoning economies of Hongolia and Octavton who seem destined for greatness. Should they fail, it could be one of the greatest economic disasters the Mapp has ever seen.
