How Argentina's economy bounced back
Al Jazeera English
2012-07-27
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Greece is looking for a financial way forward as it's PM visits Germany.
One country that has been through it all before is Argentina.
The South American country became the biggest economy ever to go bust 9 years ago.
Argentines are keenly aware of the similarities between the events taking place in their country and what is now happening in Greece: both countries deeply in debt, both with an uncompetitive economy.
But Argentina managed to bounce back, with exports sky rocketing, a booming tourism industry based on a devalued currency.
Al Jazeera's Lucia Newman reports from the capital Buenos Aires.
One country that has been through it all before is Argentina.
The South American country became the biggest economy ever to go bust 9 years ago.
Argentines are keenly aware of the similarities between the events taking place in their country and what is now happening in Greece: both countries deeply in debt, both with an uncompetitive economy.
But Argentina managed to bounce back, with exports sky rocketing, a booming tourism industry based on a devalued currency.
Al Jazeera's Lucia Newman reports from the capital Buenos Aires.
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