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How Argentina’s provincial governments operated, after the country’s debt default in 1998, has many possible lessons for Greece now

Hallerberg, Mark (2012) How Argentina’s provincial governments operated, after the country’s debt default in 1998, has many possible lessons for Greece now. LSE European Politics and Policy (EUROPP) Blog (24 May 2012). Website.

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Abstract

The prospect of a Greek exit from the Euro, or of Greece defaulting on its government debts, has created huge anxiety because both appear to be steps into the complete unknown. However, Mark Hallerberg argues that looking at the potentially similar case of Argentina’s debt default can suggest interesting temporary solutions. From 1998 to 2001 Argentina’s provinces coped with many after-shock problems by issuing their own regional currencies. A similar approach might work to mitigate the worst effects in Greece.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2012 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 17 Sep 2012 12:41
Last Modified: 07 Jul 2020 23:08
URI: http://eprints.lse.ac.uk/id/eprint/45969

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