Argentina's Default Debacle: Sign of the Slow Unraveling of the Global Financial System?
The only remaining question is whether the common interest of states in reining in the financial sector will overcome their separate interests of backing their own “national champions.”
John Quiggin is a professor of economics at the University of Queensland, Australia and adjunct professor at the University of Maryland, College Park. He is author of Zombie Economics: How Dead Ideas Still Walk Among Us.
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