Global public and private debt has blown out to a record $US152 trillion ($199 trillion) and Australian households are bingeing on borrowed money at a "fast pace", exposing the economy to a future crisis, warns the International Monetary Fund.
In a wake-up call about the explosion in private sector debt in many advanced economies and China, the IMF's Fiscal Monitor said history showed it was "very easy to underestimate the risks associated with private debt" during good economic times.
"It is crucial to have in place measures to prevent excessive debt build-ups," said Vitor Gaspar, director of the IMF's fiscal affairs department
I fully support Simon in his askin' for a rental reduction on his Sydney digs (as well as waitin' for his 40% price drop before buyin') - Like because these are tha decisions he's comfortable with.
'N it's obviously important that he's comfortable wif his decisions.
PS: Wot % rental price drop are ya askin' for/gunna ask for dude? (I'm assumin' ya lease is no more than a year off expirin' - Tho correct me if I'm wrong in that of course please.)
Area Country Date Type, causes, consequences, and references Europe France 1812 State spending during the Napoleonic Wars was extremely high due in large manner to the high level of military expenditures. Europe Sweden 1812 Military expenditures as a consequence of the Napoleonic Wars. Europe Denmark 1813 The Danish state bankruptcy of 1813.[2] Europe Netherlands 1814 Instability resulting from the rule of Napoleon I in France Africa Egypt 1876 The crisis will cause the ‘Urabi Revolt and the subsequent British invasion of Egypt. Europe Weimar Republic Germany 1932-07-09 Under the Versailles Treaty ending the First World War, Germany was forced to make war reparations. The Young Plan of 1929 was meant to settle the structure, but after the Wall Street Crash, repayments were becoming impossible. In the Lausanne Conference of 1932, the UK and France agreed to a suspension of payments. The US Congress rejected it, but payments were never continued. Europe Romania 1933 [citation needed] Americas Mexico 1982-08 Finance Minister, Jesus Silva-Herzog, declared that it was unable to meet its debt repayment obligations as world interest rates had sharply increased since 1979. This signalled the start of a widespread Latin American debt crisis. Europe Yugoslavia 1983 [citation needed] Asia Thailand 1997-07 1997 Asian financial crisis. Europe Russia 1998-08-17 After world commodity prices dropped on major Russian exports (particularly metals and oil) the 1998 Russian financial crisis ensued. Mounting debts led to the government declaring a moratorium on payments to international creditors. Americas Argentina 2001-12 Following years of instability, the Argentine economic crisis (1999–2002) came to a head, and a new government announced it could not meet its public debt obligations. See Argentine debt restructuring. Europe Greece 2015-06-30 Due to the Greek government-debt crisis, Greece failed to make a €1.6bn payment to the IMF. Asia Republic of China (1912–49) 1921 [citation needed] Asia Republic of China (1912–49) 1932 [2] Asia Republic of China (1912–49) 1939 [citation needed] Asia Japan 1942 [citation needed] Asia Japan 1946–1952 [2] Asia India 1958 [citation needed] Asia India 1969 [citation needed] Asia India 1972 [3] Asia Indonesia 1966 [citation needed] Asia Iran 1992 [citation needed] Asia Iraq 1990 [citation needed] Asia Jordan 1989 [citation needed] Asia Kuwait 1990–1991 [2] Asia Myanmar 1984 [2] Asia Myanmar 1987 [2] Asia Myanmar 2002 [citation needed] Asia Mongolia 1997–2000 [2] Asia The Philippines 1983 [citation needed] Asia Solomon Islands 1995–2004 [2] Asia Sri Lanka 1980 [citation needed] Asia Sri Lanka 1982 [citation needed] Asia Sri Lanka 1996 [2] Asia Turkey 1876 [citation needed] Asia Turkey 1915 [citation needed] Asia Turkey 1931 [citation needed] Asia Turkey 1940 [citation needed] Asia Turkey 1978 [citation needed] Asia Turkey 1982 [citation needed] Asia Vietnam 1975 [2] Europe Albania 1990 [citation needed] Europe Archduchy of Austria 1796 [citation needed] Europe Archduchy of Austria 1802 [citation needed] Europe Austrian Empire 1805 [citation needed] Europe Austrian Empire 1811 [citation needed] Europe Austrian Empire 1816 [citation needed] Europe Austria-Hungary 1868 [citation needed] Europe Austria 1938 [citation needed] Europe Austria 1940 [citation needed] Europe Austria 1945 [2] Europe Bulgaria 1932 [citation needed] Europe Bulgaria 1990 [citation needed] Europe Croatia 1993–1996 [2] Europe Germany 1939 [citation needed] Europe Germany 1948 See London Agreement on German External Debts[2] Europe Germany - Hesse 1814 [citation needed] Europe Germany - Prussia 1807 [citation needed] Europe Germany - Prussia 1813 [citation needed] Europe Germany - Schleswig-Holstein 1850 [citation needed] Europe Germany - Westphalia 1812 [citation needed] Europe Greece 1826 [citation needed] Europe Greece 1843 [citation needed] Europe Greece 1860 [citation needed] Europe Greece 1893 [citation needed] Europe Greece 1932 [citation needed] Europe Greece 2012 [4] Europe Hungary 1932 [citation needed] Europe Hungary 1941 [citation needed] Europe Poland 1936 [citation needed] Europe Poland 1940 [citation needed] Europe Poland 1981 [citation needed] Europe Portugal 1828 [citation needed] Europe Portugal 1837 [citation needed] Europe Portugal 1841 [citation needed] Europe Portugal 1845 [citation needed] Europe Portugal 1852 [citation needed] Europe Portugal 1890 [citation needed] Europe Russia 1839 [citation needed] Europe Russia 1885 [citation needed] Europe Russia 1918 [citation needed] Europe Russia 1947 [2] Europe Russia 1957 [2] Europe Russia 1991 [citation needed] Europe Spain 1809 [citation needed] Europe Spain 1820 [citation needed] Europe Spain 1831 [citation needed] Europe Spain 1834 [citation needed] Europe Spain 1851 [citation needed] Europe Spain 1867 [citation needed] Europe Spain 1872 [citation needed] Europe Spain 1882 [citation needed] Europe Spain 1936–1939 [2] Europe Sweden 1812 [citation needed] Europe Ukraine 1998–2000 [2] Europe Ukraine 2016 [5] Europe United Kingdom 1822 [citation needed] Europe United Kingdom 1834 [citation needed] Europe United Kingdom 1888–89 [citation needed] Europe United Kingdom 1932 See War bond § United Kingdom[6][2] Europe Yugoslavia 1983 Did not default directly; default was split between the nations once part of Yugoslavia[citation needed] Africa Algeria 1991 [citation needed] Africa Angola 1976 [2] Africa Angola 1985 Africa Angola 1992–2002 [2] Africa Cameroon 2004 [2] Africa Central African Republic 1981 [citation needed] Africa Central African Republic 1983 [citation needed] Africa Congo (Kinshasa) 1979 [2] Africa Côte d'Ivoire 1983 [citation needed] Africa Côte d'Ivoire 2000 [citation needed] Africa Côte d'Ivoire 2011 [citation needed] Africa Gabon 1999–2005 [2] Africa Ghana 1979 [citation needed] Africa Ghana 1982 [2] Africa Liberia 1989–2006 [2] Africa Madagascar 2002 [2] Africa Mozambique 1980 [2] Africa Rwanda 1995 [2] Africa Sierra Leone 1997–1998 [2] Africa Sudan 1991 [2] Africa Tunisia Tunisia 1867 [citation needed] Africa Tunisia Tunisia 1986 [7] Africa Egypt 1984 [citation needed] Africa Kenya 1994 [citation needed] Africa Kenya 2000 [citation needed] Africa Morocco 1983 [citation needed] Africa Morocco 1994 [citation needed] Africa Morocco 2000 [citation needed] Africa Nigeria 1982 [citation needed] Africa Nigeria 1986 [citation needed] Africa Nigeria 1992 [citation needed] Africa Nigeria 2001 [citation needed] Africa Nigeria 2004 [citation needed] Africa South Africa 1985 [citation needed] Africa South Africa 1989 [citation needed] Africa South Africa 1993 [citation needed] Africa Zambia 1983 [citation needed] Africa Zimbabwe 1965 [citation needed] Africa Zimbabwe 2000 [citation needed] Africa Zimbabwe 2006 See Hyperinflation in Zimbabwe[2] Americas Antigua and Barbuda 1998–2005 [2] Americas Argentina 1827 [citation needed] Americas Argentina 1890 [citation needed] Americas Argentina 1951 [citation needed] Americas Argentina 1956 [citation needed] Americas Argentina 1982 Latin American debt crisis[citation needed] Americas Argentina 1989 Latin American debt crisis[citation needed] Americas Argentina 2014 [8][9] Americas Bolivia 1875 [citation needed] Americas Bolivia 1927 [2] Americas Bolivia 1931 [citation needed] Americas Bolivia 1980 Latin American debt crisis[citation needed] Americas Bolivia 1986 Latin American debt crisis[citation needed] Americas Bolivia 1989 Latin American debt crisis[citation needed] Americas Brazil 1898 [citation needed] Americas Brazil 1902 [citation needed] Americas Brazil 1914 [citation needed] Americas Brazil 1931 [citation needed] Americas Brazil 1937 [citation needed] Americas Brazil 1961 [citation needed] Americas Brazil 1964 [citation needed] Americas Brazil 1983 Latin American debt crisis[citation needed] Americas Brazil 1986–1987 [2] Americas Brazil 1990 [2] Americas Canada - Alberta 1935 [2] Americas Chile 1826 [citation needed] Americas Chile 1880 [citation needed] Americas Chile 1931 [citation needed] Americas Chile 1961 [citation needed] Americas Chile 1963 [citation needed] Americas Chile 1966 [citation needed] Americas Chile 1972 [citation needed] Americas Chile 1974 [citation needed] Americas Chile 1983 Latin American debt crisis[citation needed] Americas Colombia 1826 [citation needed] Americas Colombia 1850 [citation needed] Americas Colombia 1873 [citation needed] Americas Colombia 1880 [citation needed] Americas Colombia 1900 [citation needed] Americas Colombia 1932 [citation needed] Americas Colombia 1935 [citation needed] Americas Costa Rica 1828 [citation needed] Americas Costa Rica 1874 [citation needed] Americas Costa Rica 1895 [citation needed] Americas Costa Rica 1901 [citation needed] Americas Costa Rica 1932 [citation needed] Americas Costa Rica 1962 [citation needed] Americas Costa Rica 1981 Latin American debt crisis[citation needed] Americas Costa Rica 1983 Latin American debt crisis[citation needed] Americas Costa Rica 1984 Latin American debt crisis[citation needed] Americas Dominica 2003–2005 [2] Americas Dominican Republic 1872 [citation needed] Americas Dominican Republic 1892 [citation needed] Americas Dominican Republic 1897 [citation needed] Americas Dominican Republic 1899 [citation needed] Americas Dominican Republic 1931 [citation needed] Americas Dominican Republic 1975-2001 Latin American debt crisis[2] Americas Dominican Republic 2005 [citation needed] Americas Ecuador 1826 [citation needed] Americas Ecuador 1868 [citation needed] Americas Ecuador 1894 [citation needed] Americas Ecuador 1906 [citation needed] Americas Ecuador 1909 [citation needed] Americas Ecuador 1914 [citation needed] Americas Ecuador 1929 [citation needed] Americas Ecuador 1982 [citation needed] Americas Ecuador 1984 [citation needed] Americas Ecuador 2000 [citation needed] Americas Ecuador 2008 [citation needed] Americas El Salvador 1828 [citation needed] Americas El Salvador 1876 [citation needed] Americas El Salvador 1894 [citation needed] Americas El Salvador 1899 [citation needed] Americas El Salvador 1921 [citation needed] Americas El Salvador 1932 [citation needed] Americas El Salvador 1938 [citation needed] Americas El Salvador 1981–1996 [2] Americas Grenada 2004–2005 [2] Americas Guatemala 1933 [citation needed] Americas Guatemala 1986 [citation needed] Americas Guatemala 1989 Latin American debt crisis[citation needed] Americas Guyana 1982 [citation needed] Americas Honduras 1828 [citation needed] Americas Honduras 1873 [citation needed] Americas Honduras 1981 Latin American debt crisis[citation needed] Americas Jamaica 1978 [citation needed] Americas Mexico 1827 [citation needed] Americas Mexico 1833 [citation needed] Americas Mexico 1844 [citation needed] Americas Mexico 1850 [2] Americas Mexico 1866 [citation needed] Americas Mexico 1898 [citation needed] Americas Mexico 1914 [citation needed] Americas Mexico 1928–1930s [citation needed] Americas Mexico 1982 Latin American debt crisis Americas Nicaragua 1828 [citation needed] Americas Nicaragua 1894 [citation needed] Americas Nicaragua 1911 [citation needed] Americas Nicaragua 1915 [citation needed] Americas Nicaragua 1932 [citation needed] Americas Nicaragua 1979 [citation needed] Americas Panama 1932 [citation needed] Americas Panama 1983 Latin American debt crisis[citation needed] Americas Panama 1987 Latin American debt crisis[citation needed] Americas Panama 1988–1989 [2] Americas Paraguay 1874 [citation needed] Americas Paraguay 1892 [citation needed] Americas Paraguay 1920 [citation needed] Americas Paraguay 1932 [citation needed] Americas Paraguay 1986 Latin American debt crisis[citation needed] Americas Paraguay 2003 [citation needed] Americas Peru 1826 [citation needed] Americas Peru 1850 [2] Americas Peru 1876 [citation needed] Americas Peru 1931 [citation needed] Americas Peru 1969 [citation needed] Americas Peru 1976 [citation needed] Americas Peru 1978 [citation needed] Americas Peru 1980 Latin American debt crisis[citation needed] Americas Peru 1984 Latin American debt crisis[citation needed] Americas Puerto Rico 2016 [citation needed] Americas Surinam 2001–2002 [2] Americas Trinidad and Tobago 1989 [citation needed] Americas United States 1779 Devaluation of Continental Dollar[citation needed] Americas United States 1790 [citation needed] Americas United States 1798 See Quasi-War Americas United States 1862 [10] Americas United States 1933 See Executive Order 6102[2] Americas United States 1971 Nixon Shock[citation needed] Americas United States - 9 states 1841–1842 [2] Americas United States - 10 states and many local governments 1873–83 or 1884 [2] Americas Uruguay 1876 [citation needed] Americas Uruguay 1891 [citation needed] Americas Uruguay 1915 [citation needed] Americas Uruguay 1933 [citation needed] Americas Uruguay 1937 [2] Americas Uruguay 1983 Latin American debt crisis[citation needed] Americas Uruguay 1987 Latin American debt crisis[citation needed] Americas Uruguay 1990 [citation needed] Americas Venezuela 1826 [citation needed] Americas Venezuela 1848 [citation needed] Americas Venezuela 1860 [citation needed] Americas Venezuela 1865 [citation needed] Americas Venezuela 1892 [citation needed] Americas Venezuela 1898 [citation needed] Americas Venezuela 1982 Latin American debt crisis[citation needed] Americas Venezuela 1990 [citation needed] Americas Venezuela 1995–1997 [2] Americas Venezuela 1998 [2] Americas Venezuela 2004 [citation needed]
Now...I wonder which Sovereign Country had its own currency..............
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