I have heard that Greece was in default 800 years
I have heard that Greece was in default 800 years from the last 1000, but could not find any data on that. However this BofAML chart from BusinessInsider.com shows that Greece has spent 90 out of the last 196 years in financial crisis which is almost 50% of the time since its independence.
And the other bad borrowers include Mexico 44% of the time in default, Russia - 40% of the time measured either from 1990, but measured from 1920 it's even worse, and Poland 37% of the time
On the other end of the spectrum, Italy 3%, the UK 4%, and France 4.5% have spent the least amount of time in default or rescheduling among the group.
In terms of the number of defaults and rescheduling, Chile and Brazil lead the way.
source:
http://www.businessinsider.com/
I have heard that Greece was in default 800 years from the last 1000, but could not find any data on that. However this BofAML chart from BusinessInsider.com shows that Greece has spent 90 out of the last 196 years in financial crisis which is almost 50% of the time since its independence.
And the other bad borrowers include Mexico 44% of the time in default, Russia - 40% of the time measured either from 1990, but measured from 1920 it's even worse, and Poland 37% of the time
On the other end of the spectrum, Italy 3%, the UK 4%, and France 4.5% have spent the least amount of time in default or rescheduling among the group.
In terms of the number of defaults and rescheduling, Chile and Brazil lead the way.
source:
http://www.businessinsider.com/
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