July 7th, 2015
Episode 217 of 579 episodes
Sovereign Debt Crises are more common than you think in the global economy. In Argentina in 1890 bank defaultscaused global economic chaos. The respected English Bank , Baring was badly exposed to Argentine debt and was bailed out by the Bank of England. The questions ask then are the same as now with Greece, who’s most responsible for the mess - the borrower or the lender ?