Guess what! In the past 200 years, Germany went bankrupt more often than Greece

Guess what! In the past 200 years, Germany went bankrupt more often than Greece

Sometimes, a map explains more than a thousand words: Greece faced six disastrous bankruptcies in the last 200 years – but Germany, Spain and Austria have defaulted on their debts more often in the same time.

National bankruptcies in selected countries and their predecessor states since 1800.bild: watson quelle: Carmen reinhart, Kenneth Rogoff, spiegel online

However, since its independence in 1822, Greece has been insolvent roughly half of the time. On the other hand, Germany was insolvent only 13% of the same time span.