What the Eurozone Can Learn from South Korea

What the Eurozone Can Learn from South Korea

It's hard to believe that just 15 years ago South Korea teetered on the brink of bankruptcy.

Seoul's commercial district today is alive and busy, but in 1997, its businesses were vastly indebted, its banks were over-leveraged and its financial system was on the verge of collapse.

The Asian Financial Crisis had hit and South Korea was determined to find a way out, fast. And it was successful.

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