What will happen if the country declares bankruptcy? I guess the situation gets even worse then. That's not an option. Isn't it?
Once we sovereign default we are literally bankrupt
Like Greece was partially did back then
It will cause currency collapse , high inflation and MASS unemployment which is the bad side
Also not to mention loosing savings
But the good bit is we can go to a total circuit breaker at that point starting from 0% unlike now we do patch work here and there
So SLTB, SL airlines, CEB , CGR and etc can be totally overhauled either by selling completely or 51-49% to a private party to manage or my preferred way is listing on the stock market which ultimately owned by majority SLs so nothing wrong with it and corruption comes to public knowledge as it required to disclose info when listed.