#314: The Price Of Default

9.49 MB

Podcast

Podcaster

Planet Money

The economy explained.

Englisch , Wirtschaft , Nachrichten

Beschreibung

vor 14 Jahren

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.