For both borrowers and creditors, the risks and costs are enormous. The borrower is cut off from international markets, and essential imports can no longer be purchased, while large-scale defaults threaten to plunge creditors into insolvency.
真正的债务违约在历史上并不多见。对债务人和债权人来说，违约的风险和成本是巨大的。债务人将被逐出国际市场，无从购买基本的进口商品，而大规模违约的拖累则可能导致债权人破产。