The Economist seizing upon the bankruptcy of Argentina makes a throwback of hundred years presenting to the table all the countries that experienced the default. Top places hold all Latin American countries but Turkey and Greece are close …

As the article notes Greece notes the quickest recovery, as massive “haircut” was negotiated on bonds worth over 300 billion euro in 2012 and still managed to return to the markets earlier this year with the release of a 5-year bond worth 4 billion euro with less of a 5% yield.
Greece has been bankrupt seven times from 1800 to today, and as mentioned characteristically ” Greece was bankrupt before the Second World War, for 90 years, ie half of the total period during which the country has been independent.”

According to the Economist, many of the countries that have gone bankrupt since 2001 (among several others from Latin America), now treated as a surprisingly safe “bets”, judging from the yields of their bonds.