If a country goes bankrupt and cannot pay its debts, which of its responsibilities should take precedence:

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If a country goes bankrupt and cannot pay its debts, which of its responsibilities should take precedence: paying bondholders or paying the pensions of its employees?

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

Question Posted: Dec 05, 2018 06:17 AM

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If a country goes bankrupt and cannot pay its debts, which of its responsibilities should take precedence:

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If considering the direct effects on the economy paying the bondholders would p...View the full answer

Macroeconomics

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