The Spanish crisis, thirteen defaults to date

Tom McDonnell 10/05/2012

Tom McDonnell: As well as being World and European football champions Spain also currently holds the distinction of having the world record for number of sovereign defaults. Spain defaulted six times on its external debts in the period between 1557 and 1647 and a further seven times between 1809 and 1882. Thirteen in all. Spain will clearly be the …