Posted May 31, 2016 2:12 pm by Comments

While Greece and Puerto Rico’s debt-wrangling continues to be in a spotlight, CNBC recently did a slideshow on the largest sovereign debt defaults around the world with the top 10 being:

10. Ecuador
When: December, 2008
Size of default: $3.2 billion

9. Peru
When: September, 2000
Size of default: $4.9 billion

8. Uruguay
When: May, 2003
Size of default: $5.7 billion

7. Ecuador (again)
When: August, 1999
Size of default: $6.6 billion

6. Jamaica
When: February, 2010
Size of default: $7.9 billion

5. Jamaica (again)
When: February, 2013
Size of default: $9.1 billion

4. Greece
When: December, 2012
Size of default: $42 billion

3. Russia
When: August, 1998
Size of default: $73 billion

2. Argentina
When: November, 2001
Size of default: $82 billion

1. Greece (again)
When: March, 2012
Size of default: $261 billion

Note: Argentina’s most recent 2014 default was not included on the list because there is not yet a definitive figure for the sum involved.

To view the whole slideshow, The world’s biggest sovereign defaults, on the website of CNBC.

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