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Sure, but this would only work on private debt. Countries tend to shrug it off or get involved if said massive debt is related to their economy - e.g. China.
by AstralStorm 7y ago
Sure, but this would only work on private debt. Countries tend to shrug it off or get involved if said massive debt is related to their economy - e.g. China.
- nradov 7y agoNo that's incorrect. All bondholders would be subject to the same terms. China has no power to enforce anything different.