If a country has a very high level of public debt, lenders may insist on austerity measures of raising taxes and decreasing government spending, which worsens economic conditions.

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When a country has a high public debt, lenders may demand austerity measures to ensure that the country can repay its debt. This often involves raising taxes and cutting government spending, which can worsen economic conditions in the short term. These measures can lead to decreased consumer spending, reduced economic growth, and increased unemployment. However, in the long run, reducing debt can lead to a more stable and sustainable economy.

If a Country Has a Very High Level of Public