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Government Debt

Okay, just one more silly question, then I'll be quiet :-)

What happens to government debt when a country splits into more than one nation? E.g. Czech Republic and Slovakia, ex-Soviet states etc.

Cheers,

Rody

Reply to
Rody
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They debts were small and assumed by Russia in exchange for Czech claims on domestic assets. In the case of Yugoslavia there was war, lots of it, generally when things go in this direction debts are the least of their worries.

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Aztech

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