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Argentina and Greece: More similarities than differences in the initial conditions

Kiguel, Miguel, (2011) ‘Argentina and Greece: More similarities than differences in the initial conditions’,  www.voxeu.org, 17 Αυγούστου.

A decade ago Argentina was in the midst of a severe economic crisis. This column argues that the episode offers lessons for the Eurozone today. Unless Greece takes major steps to improve its competitiveness and growth prospects, the country has little hope to get out of this crisis.