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I'll Stab Your Back, If You Stab Mine.(Argentina)(Brief Article)
Since Argentina walked out on a record $77 billion in debt to private banks back in 2001, no such institutions will lend it more money. Prospects for continued recovery rest on loans from organizations like the International Monetary Fund, and last week Argentina set another grim record by defaulting on a $2.9 billion payment to the IMF as part of their tug-of-war over reform. The next day, the two sides agreed to roll over $21 billion in a deal that makes the IMF look like a toothless ...
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