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A tale of two defaults

12 July 2011

A tale of two defaults

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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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4973 Downloads