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nkmskdmfodf | 1 year ago

What happens when country A can't pay?

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cannonpr|1 year 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|1 year 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.