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#314: The Price Of Default

#314: The Price Of Default

Planet Money vor 14 Jahren

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It seems unlikely that Greece will be able to avoid defaulting on its loans. The real question is how the default will happen — will it be clean and organized or messy and catastrophic.The nightmare scenario Greece most wants to avoid is what happened in Argentina. A deep recession and doomed dollar peg forced Argentina to suspend payments on its debt, leaving its lenders high and dry.Today on the podcast, a cautionary tale for Greece.