4 ms·
At this point, I think that many Greeks would happily accept being a second Argentina. I guess that this is what they wanted when they voted Syriza and when the
by cplanas 11y ago
At this point, I think that many Greeks would happily accept being a second Argentina. I guess that this is what they wanted when they voted Syriza and when they voted NO in the referendum.
Moreover, the outcome of the Argentinian crisis, after the "corralito", was not so extremely bad for Argentinian economy. This is the annual GDP growth of Argentina in the year of the crisis (2001) and the 6 years after:
-4.4, -10.9, +8.8, +9.0, +9.2, +8.4, +8.0. Average: +4.01.
This is the equivalent data for Greece starting in 2008:
-0.4, -4.4, -5.4, -8.9, -6.6, -3.9, +0.8. Average: -4.1.
I guess I don't need to comment further.
Source: http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG