A default in the past makes it much more likely that a government will default again,even if the current government is a new regime with every intention of honoring its debts.Why might that be?

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The Answer of A default in the past makes it much more likely that a government will default again,even if the current government is a new regime with every intention of honoring its debts.Why might that be?

A Default in the Past Makes It Much More Likely