Argentina's Economy - Paul Moss reports on the protests & problems
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So while no one's suggesting it will happen, the possibility that Greece could default on its debt and fall out of the Euro, lurks in the political shadows. The consequences of an exit are usually painted in apocalyptic terms. One country that has had a similar experience is Argentina. In 2002, Argentina had terrible financial difficulties, and decided to let its currency devalue and defaulted on its debt. And for a while, it seemed that the strategy had worked - Argentina's economy grew, and confidence was somewhat restored. But as Paul Moss now reports from Buenos Aires, the economy is showing signs of weakness, and people are once again concerned for their money and indeed, for the country's stability.
9 months ago