Re: Country going bankrupt - what does it mean?
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Well I think usually their currency becomes worthless (hence why other euro's are annoyed) and then they struggle to get funding for investment because they cant pay back the debt..much like someone going bankrupt personally but on a massive scale.
Investment drops, employment goes up..then riots.
debts get written off and then the people (countries) that borrowed them the money also get hurt.
Im sure its alot more complicated than that but in a nutshell perhaps?
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