The world's biggest financial bailouts

USA

Argentina, Portugal, Thailand, South Korea, Indonesia

At the epicenter of the 2008 financial crisis was the collapse of the Lehman Brothers bank, which filed for bankruptcy on September 15, 2008, leaving a debt of more than US$600 billion behind.

Greece

Argentina, Portugal, Thailand, South Korea, Indonesia

Greece was at the center of the biggest financial bailout in global history, which totaled more than €260 billion. The government was forced to introduce unpopular austerity measures following the 2008 financial crisis.

Argentina

Argentina, Portugal, Thailand, South Korea, Indonesia

The South American country has been engulfed in a severe crisis due to a drop in the Argentinian peso and increased twin deficits.

Portugal

Argentina, Portugal, Thailand, South Korea, Indonesia

Portugal was one of the European nations that was hit the hardest after the 2008 global economic crisis, which prompted extreme austerity measures and a plunge in employment rates.

Spain

Argentina, Portugal, Thailand, South Korea, Indonesia

After the housing bubble burst, Spain's economy was also on the brink of collapse. The European bailout fund had to lend the Spanish banks around €41 billion.

Ireland

Argentina, Portugal, Thailand, South Korea, Indonesia

Ireland was the first Eurozone country to go down following the 2008 crisis. After the property market crashed, the country received an international injection of €67 billion.

Thailand

Argentina, Portugal, Thailand, South Korea, Indonesia

The Asian financial crisis, which started in July 1997, swept much of the continent's economy and threatened to engulf the rest of the globe.

Mexico

Argentina, Portugal, Thailand, South Korea, Indonesia

Known as the Mexican peso crisis, the financial crash in the country happened after the peso suffered a sudden devaluation in December 1994.

Cyprus

Argentina, Portugal, Thailand, South Korea, Indonesia

In 2013, Cyprus followed other nations' footsteps by requesting an international bailout of around €10 billion. Before that, in 2012, the country had already been relying on a €2.5 billion loan from Russia.

Russia

Argentina, Portugal, Thailand, South Korea, Indonesia

The 1997 Asian financial crisis, followed by a decrease in oil demand, ended up taking a toll on the Russian economy.

South Korea

Argentina, Portugal, Thailand, South Korea, Indonesia

Also affected by the Asian economy crisis, South Korea was forced to turn to the IMF, the World Bank, the US, and a few other world nations for an injection of funds.

Indonesia

Argentina, Portugal, Thailand, South Korea, Indonesia

Indonesia's economy was also rocked by the late 1990s crisis, following a steady drop in the rupiah's value and inflation levels of up to 80%.

Brazil

Argentina, Portugal, Thailand, South Korea, Indonesia

Brazil has been financially rescued a few times, with the first injection taking place in 1998 after Latin American markets trembled due to the Asian economic crisis.