Argentinian debt crisis

The Argentinian debt crisis involves the country struggling to pay back its foreign debt because it borrowed heavily over the years and faced economic difficulties like inflation and recession. When revenue drops and expenses rise, it becomes hard to meet debt payments, leading to fears of default. Argentina has faced multiple debt crises, resulting in international lenders and financial markets losing confidence, which worsens economic stability. The crisis highlights challenges in managing public finances sustainably, balancing borrowing, economic growth, and debt repayment to avoid default or financial collapse.