The BBC has a nice article regarding the parallels between the Argentinian crisis and the current Greek problems
So why did it all happen?
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Greece needs to leave the Euro now”
William Mallinson
William: The situation in Greece occurred, in an immediate sense, because of some false numbers which allowed the country to join the Euro.
Greece’s debt is now growing faster than its economy.
It is a vicious circle – the more the borrowing, the smaller the economy becomes.
Default is a mathematical certainty.
Greece therefore needs to leave the euro now and regain its sovereignty.
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I would rather an orderly austerity plan than chaos”
Nora Casiello
Nora: I am sure the IMF and the main economic powers had their own agenda when they lent money to my country, but somebody in Argentina accepted that money.
The worst thing was that most of the money lent to my country was not invested but squandered…….continues
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