Can they just ignore the debt like it never existed? Are there real reprucussions for the government or impacts to the econony?
In: 467
They default on the debts they acquired, the lenders will go to an international arbitration tribunal that will surely freeze as many international assets as they could to restitute the lenders. The country’s bond (how most countries get money) will be worth nothing, nobody will lend that country money, and no sane private company will make deals with them.
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