A tale of two defaults

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Publisher
Series Title
Series Details 12 July 2011
Publication Date 12/07/2011
Content Type

In this Commentary, CEPS Director compares the developments in Greece today with those that took place in Argentina in the decade leading up to its messy default in 2001-02, following its decision a decade earlier to peg its currency to the dollar. He sadly concludes that the Greek experience – so far, at least – looks like a replay of the Argentine drama.

Source Link http://aei.pitt.edu/32164/1/July_DG_Tale_of_2_Defaults.pdf
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