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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-ha...