Money 101: Sovereign Debt Crisis (Part 2)
What happens with a sovereign debt crisis?
To sum it up in one word: austerity.
In this video I discuss how the government promises no longer mean anything. This becomes a major issue if there is a series of these taking place at the same time. Could this happen? It is one of those when as compared to if.
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That is a scary scenario to imagine. I don't really know what I can do if this happens, so I hope we can avoid it.