The lender sued, alleging McFarland defaulted on the loan. Many individual states defaulted on their bonds, angering British creditors. However, Sloo soon defaulted on bank loans and the contract was sold back to Hargous. Many banks began to fail in October 1930 when farmers defaulted on loans. In 2001, Argentina defaulted on its foreign debt. Many Latin American countries defaulted on their debt in the early 1980s. Then Mr Rosset defaulted on the loan. In 1986, Cuba defaulted on its $10.9 billion debt to the Paris Club. One example is Greece, which defaulted on an IMF loan in 2015. While Germany monopolized Romania's exports, it defaulted on most of its payments. Soon after this, the project defaulted on a $139 million loan in 2010. In 2002, Cuba defaulted on $750 million in Japanese loans. In 2011 the couple defaulted on the loans. He defaulted on his rental payments to the Crown and left. Among ITT Tech graduates with loans due in 2011, 22% had defaulted by 2014.