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When did Sweden default on its debt? I don’t remember that.
by bradleyjg 5y ago
When did Sweden default on its debt? I don’t remember that.
- IG_Semmelweiss 5y agoThey didn't default on their debt, precisely because they got their house back in order. But this came at great price, with major suffering by the populace during a 4-year economic crisis. [1] Despite all the suffering and poverty caused, the government took the opportunity to reform healthcare, which was a disaster [2] and bring costs under control. Sweden has had a brighter future since. [1] https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990-1994 https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990-1... [2] p44 https://www.fraserinstitute.org/sites/default/files/SwedishHealthcareSystem.pdf https://www.fraserinstitute.org/sites/default/files/SwedishH...