They 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 duri

They 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...