... en 1557. Así lo cuentan Reinhart y Rogoff en This Time is Different (p. 88):
"France found itself quite vulnerable when Philip II of Spain upset financial markets with his decision to default in 1557. Just as in modern financial markets, where one country's default can spread contagiously to other countries, the French king, Henry II, soon found himself unable to roll over short-term debt. Henry's efforts to reassure lenders that he had no intention to follow Philip's example by defaulting helped for a while, but by 1558 France had also been forced to default. The crash of 1557-60 was an event of international scope, radiating throughout much of Europe."
¿Se repetirá la historia?