name a country that had no debt prior to going into the GFC?US...

name a country that had no debt prior to going into the GFC?
US had debt
Italy had enormous debt
Britian
Ireland the same
spain
greece

all had enormous amounts of debt

who didn't have debts then?
Australia
china
probably sweden

Now which countries seem to have survived?
australia
china
sweden

seems obvious to me
thanx to Peter Costello giving us a surplus we survived the GFC