Also, bankrupt in the diplomacy screen does not always mean they are bankrupt, it means less than 2500 florins iirc. Each 5000 florins after that is another level (<7500 = meagre, <12500 = very poor etc). To find out if they are really bankrupt you have to look at the score graphs. It would be fun if the graph went to negative so you could see exactly how bad the AI mangled its economy.
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