• GreatAlbatross@feddit.uk
    link
    fedilink
    English
    arrow-up
    6
    ·
    10 months ago

    If they’re external creditors, it makes it a lot easier for them to go “nope, not paying that, what are you going to do?” when they’re one massive state-backed monolith.

        • The Snark Urge@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          10 months ago

          I think if they started working towards it, China would feel forced to step up their reunification efforts. If a nuclear deterrent is going to be a viable path back to a stable status quo, it will have to be a fait accompli with external help.

    • gravitas_deficiency@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      10 months ago

      Sovereign default is a thing. It’s a short term solution that can get a country out of immediate danger, but has very negative long term effects.