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Anonymous Posted 7 years ago
Grammar

The risk of default

It's about - Why to justify public debt.
I wonder if the risk of defaultis a term in economy? for the moment it doesn't make any sense to me Emotion: sad

The last one again, which is more relevant for countries like Italy and the U.S at this point, is if you were in not the bad equilibrium, the notion that you could be getting through a high rate risky, that because of the risk of default, it's not fiscal austerity, is not the way to go, you have to think about other approaches
  

Top answer

If you defaul t, it means that you can't met one or more of your legal financial obligations at the specific time you are obliged to. eg The World Bank lends you $100 million until next Friday, and when next Friday comes you can't repay the debt. Instead, you default.

— Clive

  • If you defaul t, it means that you can't met one or more of your legal financial obligations at the specific time you are obliged to.
  • eg The World Bank lends you $100 million until next Friday, and when next Friday comes you can't repay the debt.
  • Instead, you default.
  • So, risk of default is a common term in economics.
  • I don't clearly understand your final paragraph.
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1 Answers
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If you default, it means that you can't met one or more of your legal financial obligations at the specific time you are obliged to. eg The World Bank lends you $100 million until next Friday, and when next Friday comes you can't repay the debt. Instead, you default. So, risk of default is a common term in economics.


I don't clearly understand your final paragraph. I s

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