system
Given the following post, respond as if you're commenting on Reddit:
human
eli5 Why it's bad for country to default on it's debt?
gpt
It's bad for any entity to default on their debt. When you default suddenly you lose any trust that you're a reliable entity, and the terms of the future debts will be far less favorable and more difficult to obtain future debt. Generally it will be more expensive and have higher interest payments.