Argentina: Lessons Of Default

This time exactly ten years ago, in December 2001, the hunt for Osama bin Laden was on and war was raging in Afghanistan. Way down south, on the other side of the globe, a country was sinking under the weight of its debts and hardly anyone was watching. In Argentina, you could feel the relentless slide towards catastrophe. The papers were talking about the country as a Titanic that had hit its iceberg and was going down.