Crise de la dette

Crise de la dette, or debt crisis, occurs when a country borrows more money than it can afford to repay, often leading to economic instability. This situation can cause a loss of confidence among investors, skyrocketing borrowing costs, and difficulties for the government to fund essential services. It may result in countries needing international help, restructuring debt agreements, or implementing austerity measures, which can impact citizens’ everyday lives. Essentially, it’s a financial crisis triggered by excessive borrowing that strains a nation's economy and its ability to meet its debt obligations.