Why is debt restructuring for countries also in the best interest of global creditors?
In: 6
Some money is better than no money.
If a country is going to default on its debt, it is bad for everyone: The company will be unable to borrow again for a _long_ time or, if they can, the interest rates will be sky-high; the people who own the debt will be out their entire investment.
Restructuring, if possible, is in everyone’s best interest. Creditors will get _some_ of their investment – not all, but its better than nothing – and the country won’t have its credit rating completely destroyed.
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