• macniel@feddit.org
      7·
      2 months ago

      and yet a country has to pay back debt (hi greece) and when they can’t they are bankrupt.

    • marcos@lemmy.world
      6·
      2 months ago

      Bankruptcy is a legal term, whatever the law says that can be bankrupt can in practice be bankrupt.

    • trxxruraxvr@lemmy.world
      3·
      2 months ago

      It doesn’t need to be a business to be able to go bankrupt. Governments have incomes, expenses and debtors. They only can’t file for bankruptcy to get out of their debts, which makes it worse for the country.

      • marcos@lemmy.world
        1·
        2 months ago

        They only can’t file for bankruptcy to get out of their debts

        Countries do that all the time… well, not really all the time, but most decades at least one does it.

        • trxxruraxvr@lemmy.world
          2·
          2 months ago

          What countries do is not the same though. At least in the Netherlands when a company files for bankruptcy the judge will appoint someone to sell all the companies assets and try to pay back the debtors.