Sovereign Default - Assignment Point
Sovereign Default
Subject: Finance | Topics:

Sovereign Default is a failure on the repayment of the county’s government debts. Countries are usually hesitant to default on their debts, since it’s going to be difficult and high priced to borrow funds after a default event. Even so, sovereign countries are not subject to regular bankruptcy laws and still have the potential to escape responsibility for debts without legal consequences.

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