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What happens if Scotland defaults on its share of the national debt?
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If Greece were to default on that debt Germany alone would probably take a hit of about €30 billion (based on its share of capital in the ECB).
Will Venezuela become a no-fly country if it defaults on its airline debt?
Greece defaults on its debts.
As insurance, they buy credit-default swaps in case the issuer defaults on its debt.
WHAT might happen if Greece defaults on its debt?
Then the country defaults on its loans.
If Egypt defaults on its payments, who will pay?" she said.
The United States will probably default on its debt one day.
It also defaulted on its domestic debt obligations then, too.
It also defaulted on its foreign debts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com