velkakriiseinä
Velkakriisi is a Finnish term that translates to "debt crisis." It refers to a situation where an individual, company, or government is unable to meet its debt obligations. This inability to pay can lead to severe financial distress, bankruptcy, and broader economic instability.
In the context of a national economy, a velkakriisi typically arises when a country's government has accumulated
The consequences of a national velkakriisi can be far-reaching. They may include austerity measures such as