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13 sovereign debt defaults in last 13 years
Sep 24, 2011

We're living in a time when the greatest threat engulfing the global economy is that of sovereign debt defaults, especially in the developed economies. As pointed out by a leading financial daily, there have been 13 sovereign debt defaults in the last 13 years. Today's chart of the day shows the 5 of those major sovereign defaults. With the European debt crisis growing worse with each passing day, we could soon have Greece on the list as well.

Data source: The Economic Times

This Chart Of The Day was published in The 5 Minute WrapUp - Is this a good time to buy Indian stocks?

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