What Does Debt Borrowing Look Like?

After a default, typically countries go to the imf. They will trinkout with some kind of process to re structure their debt. In russia, i tink e're gon to see something different because it won't want to work with the mat. The amount that people will ask for back will be higher, will be much higher. As soon as borrowing becomes more expensive, you'll begin to see a borrowing fall,. therefore investment falls, therefore growth falling.