If A Country Goes Bankrupt, What Happens?

@Talknpen (1820)
United States
May 4, 2016 8:34pm CST
If a country goes bankrupt, what happens? I have been thinking about this for some time now. Overspending is not good for anyone or anything. How does poor financial management affect a country's people in the long run? Are they doomed to take on debt without any clear way of paying it off? Do people go without important services? Are they subject to charity for generations and generations?
1 person likes this
2 responses
Scott Ganschow
@teamfreak16 (43421)
• Denver, Colorado
5 May 16
Didn't Greece go bankrupt a few years back? I thought they just kept borrowing from other nations.
Shurhonda Henderson
@Talknpen (1820)
• United States
6 May 16
Hi Scott. I remember that problem with Greece. I really don't know what their solution was.
1 person likes this
Ricki Dillane
@ricki_911 (21625)
• Toronto, Ontario
5 May 16
They borrow the money like everyone else
Shurhonda Henderson
@Talknpen (1820)
• United States
5 May 16
Hi Ricki. Yep. Borrowing is quite the issue these days.