Loans to other countries

[unmerged(4928)]

I read with interest the thread on making your own gold mine, i.e. loans to other countries, etc. I have yet to try it too extensively, but wil keep it in the back of my mind for later play.

One question regarding loans to othe countries: What happenes if they cannot pay them back. e.g. I make a 1000D loan to France at 1% interest. No way they can turn that down right? What happens if they do not have the cash to pay me back at the end of the term? They go bankrupt? I have CB against them? Do they take other loans to pay mine off?

I am getting very late in my current GC and I have loads of cash and little to do with it, and got to wondering what would happen if another country defaulted on a loan.

Thanks

 

[BiB]

I do not know the ins and outs as I find the loan strategy, though cunningly constructed, an exploitative and tedious construction but u get a CB at least.

 

[unmerged(4928)]

It is tedious I agree. So if a country defaults on a loan you think I wind up with at least a limited duration CB? Hmmmm...

 

[unmerged(4217)]

The country in question goes bankrupt.

I don't know if they default on the loan. Maybe they pay up what they can and then go bankrupt.

 

[BiB]

Bankruptcy and a CB. A xure fire way to get some provinces.