http://www.bloomberg.com/apps/news?pid=20601068&sid=aFsvZ1XKaO9U&refer=home
The last time argentine had problems it brought Citi to verge of collapase and was at the time one the largest bailouts of its times.
http://ideas.repec.org/p/fip/fedgfe/2003-25.html
One might want to review what happen.
This time it would be much worse and would continue to fuel the ongoing crises in the currency trade.
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