In 2001, which nation suffered a major economic collapse and defaulted on approximately $100 billion in sovereign debt, the largest such default in history at the time?
Show answer
Argentina
The 2001 crisis led to widespread riots, the resignation of several presidents in a single month, and the decoupling of the Argentine peso from the U.S. dollar.
Also asked as:
- In 2001, which country defaulted on roughly $100 billion in sovereign debt, marking the largest such default in history at that time?