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

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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/
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Documentary
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grunge, country, debt
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