A country is likely to be faced with a debt crisis when

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When a country's creditors start losing faith and believe that there is little chance of their debt being repaid, it can lead to a debt crisis. This can cause lenders to demand higher interest rates, making it more difficult for the country to repay their debt, potentially leading to default. Other factors such as a high debt-to-GDP ratio or a government's inability to implement austerity measures may contribute to the crisis but are not the only indicators of a debt crisis.

A Country Is Likely to Be Faced with a Debt