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According to international media since Alexander Hamilton, one of the founding fathers, agreed in 1790 to pay the Revolutionary War bonds at 100%, even though they were trading well below their value, the United States has earned a reputation as a reliable country and has never declared a default on its debt, even if it has ever looked over the edge of the precipice.

El Salvador's government has been characterized for making drastic changes in the country's history, as evidenced by its management of its foreign debt.