Ok sorry, I was wrong about Sweden - I thought the nation defaulted in the 90ies, but it was in fact 'only' a big chunk of their financial industry[1]. It seems that they came very close though, and the way they resolved it doesn't appear to be by tight economic grip either - the state poured 4% of their GDP into the system. However - and that's an important point that apparently went forgotten in the last US crisis - they also took the chance to regulate the financial industry more tightly, in order to avoid repeating the same mistakes.[1]http://www.nytimes.com/2008/09/28/opinion/28iht-edbildt.1.16...
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