When we hear the word ‘default’ we naturally think of the euro. But to many people across the world, ‘default’ is associated with Argentina. In 2001, Argentina committed the greatest default in history and declined to repay $81,000,000,000 that had been lent to it in good faith. Even now, it has not come to terms with all its creditors from that time. It still owes $360m to the USA, £3.79 billion to the Paris Club of creditor states and a […]
Tags: Argentina, debt, default, economics
