Carbon-Dioxide: the gas of life!
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Grexit debate down but not out, Argentina lessons remain
Greece just narrowly avoided crashing out of the euro but for skeptics the clock is already ticking on when large-scale default and exit from the "irreversible" euro club are raised once again. When it is - be that in two months or two years - the lessons from Argentina are sure to be revisited. Argentina's $100 billion default in 2001 was the largest in history. It yanked the peso from its peg to the dollar and resulted in a 75 percent devaluation. This shattered the economy. Real gross domestic product slumped 15 percent, inflation reached 40 percent, and household and business finances were crippled. To this day, ... (full story)
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Carbon-Dioxide: the gas of life!
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