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What are the long-term prospects for highly indebted countries?

April 26, 2017countries highly indebted long-term prospects

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What are the long-term prospects for highly indebted countries?

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About the same prospects for highly indebted individuals. They will rarely have any money for local development and social services since most of what is made must go to pay the debt. Many countries (and people) end up spending most of their earnings just to pay the interest on the loan without reducing the principle. In this case, they are locked in for good.