Nov
04
2011

WaPo: Greece, Don't Be an Argentina!

Washington Post correspondent Juan Forero has a piece today (11/4/11) that attempts to compare the Greek economic crisis with other similar debt crises, particularly in Latin America. Unfortunately, he draws some misleading conclusions. Forero's point is that there's a lot about Greece's problems that are reminiscent of troubles in Argentina and Uruguay just a few years ago. One country chose the right response, and the other is called Argentina: In a story that may provide a lesson for Europe, one country, Uruguay, that was on the edge of financial oblivion organized a fast, orderly and negotiated response that revived the […]