What does it mean to be told by a fortune teller that you are heavily in debt? _ What do you mean by being told by a fortune teller that you are heavily in debt?

Pour out debts

Debt reversal means that the bank's assets are not enough to repay the debts due, which makes it difficult to maintain the banking business.

For example, a comprehensive financial crisis broke out in Argentina at the end of 200 1. At that time, the government announced that it would stop repaying foreign debts, which plunged Argentina into the worst debt crisis in history. At the end of 2004, after arduous negotiations, Argentina finally reached an agreement with international financial institutions and announced a debt restructuring plan to convert outstanding bonds into new bonds.

Last year, the acceptance rate of Argentina's debt restructuring greatly exceeded the expectations of Argentine officials and international financial institutions, laying an important foundation for Argentina to completely get out of the debt crisis and restore international credit. After this debt restructuring, Argentina's total debt will be reduced by 20 billion to 30 billion dollars, and the repayment period of the remaining debts will be greatly delayed, so Argentina's debt service burden can be significantly reduced.