What would happen if a country defaulted on its sovereign debt?

Question

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If a country defaulted on its sovereign debt, it could lead to a deep recession for the country as well as potentially spilling over into other countries. This is because default would result in a loss of investor confidence, making it more difficult and more expensive for the country to borrow money in the future. This could lead to decreased economic activity, higher unemployment, and decreased access to credit for businesses and individuals. Additionally, other countries may be hesitant to lend money or invest in the defaulted country, as they may not be able to trust that the country will repay the debt. This could have ripple effects throughout the global economy.

What Would Happen If a Country Defaulted on Its Sovereign