Since the year 2000, several countries have defaulted on their sovereign bonds. Do some research to find information on three countries that have defaulted since 2000.
For each of the three countries you have researched, explain when the default occurred, how much debt was involved in the default, what interest rates each government had to pay on its bonds immediately following the default, and what interest rates the government is now paying on its bonds. How do these interest rates compare to the interest rates being paid on current U.S. government bonds?