Slightly less crude, but still involving violence, was the British occupation of Egypt in the late 19th century due to the huge debts run up by the latter’s government.
Just off the top of my head, Thailand, Indonesia and Korea all required IMF support and some serious pain. Malaysia basically froze it’s currency and was bankrupt in all but it’s own admission. The economies and the life of the average person in Thailand, Indonesia, Malaysia and I believe to a lesser extent Korea got really tough.
Interestingly enough, S Korea was freaking amazing. The average Kim donated a substantial amount of personal jewelry and dollars to help the government get out from under it’s debt. It was humbling to watch the country pull together and go beyond harsh medicine to help get out of the hole. Here in the US, we can’t even get a consensus that taxes need to go up. :rolleyes: