主题：【讨论】下任总经理的施政纲领 -- wqnsihs

finds such info useful in managing the foreign currency reserves. I can not short-message you, so post below your post.

We disagree on issues, but you still have my respect.

*AGAIN, WHAT WE LEARN BELOW IS THAT HUMAN BEINGS AS A WHOLE, do not learn from the history.(from new book of Rogoff)

Table of Sovereign External Debt Crises.

There is one Table called "Cumulative Tally of Default and Rescheduling Since Year of Independence to 2008"

Shares of years in

Default/Reschedule Total No. of Defaults

Since 1800 or independence

***Greece 50.6 (top1) 5

**Russia 39.1 5

**Hungary 37.1 7

**Poland 32.6 3

*Spain 23.7 13

*Romania 23.3 3

Austria 17.4 7

Turkey 15.5 6

Germany 13 8

Portugal 10.6 6

Nederlands 6.3 1

Italy 3.4 1

UK and all other Anglo-Saxon nations--all 0

Nordic nations also have perfect record, so does France.

Lessons,

1. *History always repeats itself. So I guess 井底望天 could not blame CDS for the past 50 years of debt default or restructuring in Greek history. Hehe, Greece is the source of civilization, as well as CHAMPION OF NATIONAL BANKRUPTCY.

2. *200 years later, this explosion started from P..Gs again. Thumbs up to Italy for better record. Ireland is not there since it was then part of UK.

Germany used to be the financial wasteland, now it shook off the bad image and was the pillar of European stability.