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February 7, 2010

Can Greece Avoid Argentina's Fate?

Kenneth Rogoff, Korea Times

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Even as the European Union and the International Monetary Fund (IMF) lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default.

Some view Greece as Argentina revisited, noting the stunning parallels with the country that in 2001 set the record for the world's largest default (in dollar terms).

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TAGGED: European Union, Greece, Argentina

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