LESSONS OF ARGENTINA CRISIS ignored in handling of Greece? “Originally published in October 2003, this policy review document was signed off by a then relatively unknown IMF official called Tim Geithner, now the US Treasury Secretary no less. Strangely enough, he seems entirely to have forgotten about this eight-year-old tome, whose candid and illuminating account of Argentina’s descent into economic and fiscal chaos, and the not inconsiderable role the IMF played in the process, provides an object lesson in how not to proceed.”
Plus: Enough of this Greek farce: everyone knows default is coming.