1 thought on “The Argentine example isn’t helpful to Greece”

  1. Posted 08/08/2012 at 19:30 | Permalink

    In genenral, savings in Argentina were not nominated in argenitne pesos. Therefore the effects of devaluation were not a loss of such a magnitude as the article states. The onversion of debts in dollars into pesos was made on an average between old parity and new one. The diffeence was absoved by the lenders—

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