Wellness

Argentina's new financial crisis has some haunting similarities to its last one, but also some key differences

7 days ago   |   By Business Insider

AP/Daniel Luna
The 2001 economic crisis in Argentina resulted in the biggest sovereign default in history.
Some are drawing connections between the economic and political conditions in Argentina then and now.
But there are also some key differences that analysts say could prevent the current crisis from spiraling to 2001 conditions.
A significantly overvalued currency, soaring twin deficits, debt largely denominated in dollars, and cutting deals with the International Monetary Fund. There are some haunting similarities between the 2001 financial and economic crisis in Argentina, which...
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