Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I don't believe the Spanish banks and corporations were "fleeced" by Argentina: they went in and bought assets, and invested, and they're still there as far as I can tell. Losing $1.5bn was the cost of doing business, I guess.

It'd be nice if the battle were only against the right wingers, not half of the left on top of that — François in Paris
by Carrie (migeru at eurotrib dot com) on Wed Mar 19th, 2008 at 05:24:57 AM EST
[ Parent ]
You are quite right, though I seem to remember that whoever got large chunks of Argentine Telcoms via the IMF firesale also took a big bath, it was more than just the 1.5.

The Hun is always either at your throat or at your feet. Winston Churchill
by r------ on Wed Mar 19th, 2008 at 05:32:57 AM EST
[ Parent ]

Display:

Occasional Series