Comments for Excessive Enthusiasm Against Greek Default at http://www.cepr.net , comment 1 to 2 out of 2 comments http://www.cepr.net Fri, 24 May 2013 21:30:18 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/excessive-enthusiasm-against-greek-default/#comment-646 I recall Weisbrot's analysis of Argentina's growth tale after defaulting, and an important part of his analysis rested on observing that Argentina had its currency floating at a level which suited its trade needs (sorry for such a vague description of what he said). Greece, however, is locked into the euro, thus perhaps the two countries are not comparable. - anon. Mon, 17 May 2010 16:04:27 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/excessive-enthusiasm-against-greek-default/#comment-596 Exactly! And one might add that after the default, not only did Argentina grew very fast, but growth and not just debt restructuring helped solve the fiscal problems, raising revenues and leading to persistent surpluses and reduced debt. Reinhart has most of the theoretical causality backwards! - Matías Vernengo Wed, 12 May 2010 06:12:17 +0100