The Columbia Journalism Review is running a story about how The New York Times gets it all wrong on Argentina’s lessons for Greece.
The New York Times posted a truly awful story online yesterday headlined “Argentina’s Default Offers a Cautionary Tale for Greece.”
It does, if the cautionary tale is: What are the heck are you waiting for? Are you going to kill your economy and your own citizens so global investors don’t have to take a haircut when you could default like Argentina and start growing again?
I haven’t read The New York Times piece yet, but I thought I would post this article preemptively. I have been wondering for some time now why Greece doesn’t just go ahead and default as suggested above in the quote.