Interview With Argentina Central Bank Head During 2001 Collapse
Insightful Public Radio interview aired today. A talk with Mario Blejer, head of Argentina’s Central Bank during their financial crisis and economic collapse in 2001.
Lessons For Greece (September 29, 2011) (MP3 audio)
"Mario Blejer took over the management of Argentina’s Central Bank in the midst of one of the worst economic crises the world has seen. In December 2001, Argentina defaulted on its debt and the currency lost so much value that many people saw their savings wiped out."
Interestingly, Blejer advocates default – take the pain now – rather than a long, drawn out series of more loans and more austerity.