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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

A tale of two defaults

12 July 2011

A tale of two defaults

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.

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A tale of two defaults
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