http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
Could someone please explain to me in simple words and examples, how come every country has external debt? How come a country instead of covering its own debt, buys another's debt? If you look at the link, every country owns to somebody.
Could someone please explain to me in simple words and examples, how come every country has external debt? How come a country instead of covering its own debt, buys another's debt? If you look at the link, every country owns to somebody.