Insolvent 5 times in 200 years In 1826: Greek insolvency during the war of independence from the Ottoman Empire.The year 1843: Greece using capital from the loan in 1832 to spend on the military and the Bavarian Prince Otto, stop pay in 1843.In 1860: after the insolvent, Greece was eliminated out of the international market until in 1878.In 1894: When the market is open, the volume of lending in Greece but not sustainable growth, the Government ordered the postponed payment in 1893.1932: the economic crisis once again happen due to the effects of the great depression.
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