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
Government Debt
Jan 12, 2006
1 Replies
formatting link
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.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required