What a sovereign default actually is
A country has missed a bond payment and the word default is everywhere. Daniel explains what that means for ordinary people, who the creditors are and what happens next.
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A river treaty signed before most of its current critics were born is back in the headlines. This episode explains what the treaty actually says, which is less than most people assume, and why it has survived two wars.
Further reading in the notes: the treaty text, a hydrology explainer and two reporters' long pieces.
A country has missed a bond payment and the word default is everywhere. Daniel explains what that means for ordinary people, who the creditors are and what happens next.