After Argentina ended the peso’s peg to the dollar, its economy collapsed. Yet five years on it was booming. Could that crisis provide a role model for Greece?An economy in freefall. A run on the banks. Curbs on the amount of money that could be withdrawn from accounts. A team from the International Monetary Fund called back to Washington.Greece in July 2015? No, this was Argentina in late 2001, when the currency peg between the peso and the dollar was coming under extreme pressure, and capital was leaving the country at an alarming rate. Continue reading...
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