REUTERS/ Long Analysis / S.Brown
Some experts like George Soros and Paul Krugman tout Argentina's default in 1999 as the way Greece must go.
But an economist there observes: "If Greece follows Argentina's desperate path of devaluation and abrupt debt default...they will be condemned to poverty and will see their banking system destroyed."
"Greece has to default," said the managing partner of Hayman Capital, adding: "The world seems to think they're going to have an orderly default. I've never seen an orderly default."
"I know of no example in human history of a state defaulting in an orderly fashion," said German lawmaker Michael Meister. "When you use such vocabulary, you simply increase the risk of such an uncontrollable, disorderly process occurring."
Popular Posts
- PUERTO RICO: The Enigma of Tourism.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- MEXICO: Update On The Electric Power Takeover.