Retrieving "Military Coercion" from the archives
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Debt
Linked via "military coercion"
Sovereign debt refers to obligations issued by national governments. This category is unique because the creditor base is diverse (domestic bondholders, foreign institutions, and multilateral organizations) and the jurisdiction for enforcement is ambiguous.
When a nation is unable or unwilling to meet its obligations, it may initiate a formal [restructuring process](/entries/restruct…