Looking at Greece in the Argentinean mirror | voxeu.org

Many argue that Greece should drop the euro like Argentina dropped the dollar in 2002. In this column, Domingo Cavallo – who was Argentina's finance minister during the heart of its crisis – argues that exiting the euro would be wrong. Argentina’s growth recovery after it de-pegged the peso was due to exogenous developments in global commodity prices – not to the peso devaluation. He also suggests steps for an orderly restructuring of Greek debt.

via voxeu.org

Segnalo questa analisi dell'ex ministro delle finanze argentino, che consiglia dalla sua esperienza di non puntare sul ritorno alla dracma, ma sulla ristrutturazione ordinata del debito.

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