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Insolvent States are Nothing New | Made in Germany


Greece, Ireland and Portugal have all teetered on the edge of bankruptcy. But anyone who thinks this is a new phenomenon is seriously mistaken.England was on the brink of insolvency in Victorian times. Austria was unable to pay its bills in 1811, and any number of countries were similarly threatened in the 1920s. And there’s a recent example in Argentina in 2002. Julia Henrichmann went to the Historical Museum to have a look at the history of state bankruptcies.

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2 Responses to "Insolvent States are Nothing New | Made in Germany"

  1. JOHNINCOLUMBUS says:
    This is America today!
    War is insanity.
  2. gzies1 says:
    next currencies in that museum….Euros and Dollars

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