Actually England is in a better shape than Sweden. Sweden got -2 stab, with 4000 in stab costs. 9 loans give almost -15 ducats extra a month. It will take a long time to fix that situation.
England is also in pretty bad shape but not nearly as bad as Sweden.
England is in a much worse situation. Half of it is Sweden territory. 2-3 months and England is bankcorrupted with 15,5% inflation already. 75% of England is taken by rebels and soon breaking away. Swedens took all north america. The English fleet is sunked and there is no land army. England is finished.
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