Write For Us

What Happens If A Country Doesn't Repay Its Debt To Another?

E-Commerce Solutions SEO Solutions Marketing Solutions
32 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

AVA
Published
Individuals borrow money all the time, and we all know how it's supposed to work. You get the cash you need, then you repay that money later, with interest, by a set date. But what happens when a country borrows money, then doesn't pay it back? A country defaulting on its debt is more common than you might think, and it has a ripple effect. It's one thing for a private citizen to miss a payment, but it's quite another for an international entity to default on repaying a loan as agreed and promised. This is what happens if a country doesn't repay its debt to another country.

#Country #Debt #Money

It's payback time | 0:00
Russia's default | 1:17
Currency devaluation | 2:41
Real-life impacts | 3:41
Too unstable to trust | 4:41
Finding solutions | 5:31

Read Full Article: https://www.grunge.com/828840/what-happens-if-a-country-doesnt-repay-its-debt-to-other-countries/
Category
Documentary
Tags
grunge, country, debt
Be the first to comment