Problem

War debt

Nature:

Governments may borrow funds from one another in order to finance their engagement in major wars; (war debt usually excludes the debts between defeated nations which are seldom, if ever, honoured, and also excludes obligations imposed by the victors on the vanquished in the form of reparations for war damages). The cost of servicing and repaying such debts once the war is over may give rise to international friction, particularly when some of the victor nations have difficulty in reconstructing their own economies.

Related Problems:
Economic conflict
Values:
Debt
War
Problem Type:
D: Detailed problems
Subject(s):
Commerce Credit
Defence War
Date of last update
29.05.2019 – 18:56 CEST