4 ms·

What happens when country A can't pay?

• cannonpr 2y ago
  Very bad things, or maybe very good things, depends on your perspective, a reset in any case and a restructuring of debt, usually just after a crash.
  • scott_w 2y ago
    Which isn’t free either. Consider the interest levels of countries considered unstable vs those considered stable (UK/US compared to Türkiye/Argentina for example). It massively changes what actions the respective governments can take.
• deleted 2y ago
  [deleted]
• selectodude 2y ago
  https://en.m.wikipedia.org/wiki/European_debt_crisis https://en.m.wikipedia.org/wiki/European_debt_crisis Everything old is new again. https://www.youtube.com/watch?v=OrhJcqgXrlw https://www.youtube.com/watch?v=OrhJcqgXrlw