Government debt

total amount of debt owed to lenders by a government/state

multi-year debt crisis in multiple EU countries since late 2009

international organization

failure or refusal of the government of a sovereign state to pay back its debt in full when due

announced in 1902 by the Argentine Minister of Foreign Affairs, Luis María Drago

organization

situation in which a government loses the ability of paying back its governmental debt

limit on the amount of debt the United States is allowed to owe

part of the total government debt in a country that is owed to lenders within the country

legislative mechanism restricting the total amount that a country can borrow

amendment to the German constitution