January 24, 2012

Sovereign Defaults Stats

According to a Wikipedia article on sovereign defaults, here a few examples of major European sovereigns that have defaulted over the years:


  • Spain - 15 times! (1557, 1575, 1596, 1607, 1627, 1647, 1809, 1820, 1831, 1834, 1851, 1867, 1872, 1882, 1936-1939)
  • England - a modest 3 times (1340, 1472, 1596)
  • France - 9 times. (1558, 1624, 1648, 1661, 1701, 1715, 1770, 1788, 1812)
  • Greece (1826, 1843, 1860, 1893, 1932)
  • Brazil - 10 times inside the last 115 years (1898, 1902, 1914, 1931, 1937, 1961, 1964, 1983, 1986-1987, 1990)
  • Russia (1839, 1885, 1918, 1947, 1957, 1991, 1998)
  • India (1958, 1969, 1972)
  • China (1921, 1932, 1939)
The complete list in the above link includes a list of 39 African sovereign defaults, 26 Asian sovereign defaults, a whopping 91 European sovereign defaults, and for the Americas, a stunning 154 sovereign defaults.
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