Recent news have shown that Greece was on the verge of financial default and continues to be in a state of crisis.Argentina defaulted and went bankrupt a few years ago.Under what circumstances is it responsible for developing countries to continue to borrow billions of dollars? What is the responsibility of international lenders from developed/rich countries to keep on lending?

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Determining responsible borrowing and lending practices requires nuance as theres no onesizefitsall answer Heres a breakdown of the key considerations ... View the full answer