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11 biggest economic bailouts in the world

Last updated on: March 22, 2013 08:33 IST

11 biggest economic bailouts in the world

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Cyprus is not the only country that has sought financial help to remain afloat.

Let's take a look at 11 countries that have been bailed out by banks, according to FT Alphaville and Society General, a European Bank.

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Image: A view of Stockholm, Sweden.
Photographs: Ints Kalnins/Reuters
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Indonesia

Aid provided by banks: 57 per cent of GDP

Year in which the bailout happened: 1997

Global rank in terms of financial help: 1

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Image: A view of Welcome Statue fountain in Jakarta, Indonesia.
Photographs: Supri/Reuters
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Cyprus

Aid provided by banks: 56 per cent of GDP

Year in which the bailout happened: 2013

Global rank in terms of financial help: 2

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Image: A boy skates in front of the Orthodox Faneromeni church in central Nicosia, Cyprus.
Photographs: Yorgos Karahalis/Reuters
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Argentina

Aid provided by banks: 55 per cent of GDP

Year in which the bailout happened: 1980

Global rank in terms of financial help: 3

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Image: Overview of Buenos Aires' 9 de Julio Avenue with the Obelisk in the background, Argentina.
Photographs: Enrique Marcarian/Reuters
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Iceland

Aid provided by banks: 44 per cent of GDP

Year in which the bailout happened: 2008

Global rank in terms of financial help: 4

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Image: Children skate on the ice of the frozen Tjoernin lake in central Reykjavik, Iceland.
Photographs: Stoyan Nenov/Reuters
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Jamaica

Aid provided by banks: 44 per cent of GDP

Year in which the bailout happened: 1996

Global rank in terms of financial help: 5

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Image: Architectural fretwork at Westgate Shopping Centre Montego Bay, Jamaica.
Photographs: Courtesy, Jazzypom/Wikipedia Commons
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Thailand

Aid provided by banks: 44 per cent of GDP

Year in which the bailout happened: 1997

Global rank in terms of financial help: 6

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Image: A skytrain passes over vehicles on the road during rush hour in Bangkok, Thailand.
Photographs: Chaiwat Subprasom/Reuters
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Chile

Aid provided by banks: 43 per cent of GDP

Year in which the bailout happened: 1981

Global rank in terms of financial help: 7

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Image: A view of Santiago City, Chile.
Photographs: Victor Ruiz Caballero/Reuters
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Ireland

Aid provided by banks: 41 per cent of GDP

Year in which the bailout happened: 2008

Global rank in terms of financial help: 8

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Image: Leandro Virgilio, 37, poses in the backyard of his restaurant near Dublin city centre which becomes a bar and club in the evenings, Ireland.
Photographs: Cathal McNaughton/Reuters
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Macedonia

Aid provided by banks: 32 per cent of GDP

Year in which the bailout happened: 1993

Global rank in terms of financial help: 9

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Image: A man walks near trees illuminated with Christmas lights in Skopje, Macedonia.
Photographs: Ognen Teofilovski/Reuters
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Turkey

Aid provided by banks: 32 per cent of GDP

Year in which the bailout happened: 2000

Global rank in terms of financial help: 10

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Image: A view of Istanbul's financial district in Turkey.
Photographs: Murad Sezer/Reuters
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South Korea

Aid provided by banks: 31 per cent of GDP

Year in which the bailout happened: 1997

Global rank in terms of financial help: 11


Image: Part of Gangnam area is seen down the Han River in Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters
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