dcraelin
VIP Member
- Sep 4, 2013
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My understanding of one of the south American nations that defaulted was that they were doing pretty good....until some hedge funders in US started harassing them in the courts after buying up the debt pennies on the dollar....
Your understanding would be incorrect.
when Greece, Ireland and Iceland first started having problems I am pretty sure I saw comparisons to Argentina and how good they were dong after defaulting.
I also believe Iceland, presumably with less natural resources and a smaller economy that greece at least partially defaulted and is doing pretty good.