One Country, Eight Defaults: The Argentine Debacles
Argentina is, by nearly all accounts, catapulting toward default after running up more than $100 billion of debt. Some say it’s just months away. Others say it’s actually already happened on a small portion of bonds.
For even the casual observer, the whole thing has a certain feeling of deja vu. The South American nation is a defaulting machine with few peers in the world.
The first episode came in 1827, just 11 years after independence........

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