[alberich]

Could you expand on why do you think it was a disaster? Argentina was pretty screwed up, I'm not sure it got any worse than it already was.

[namdnay]

This article describes things well, especially the last paragraph:

http://www.economist.com/node/21533453

[alberich]

Hm, while the economist's article points out how messy the process became, it doesn't makes an evaluation of how the default actually affected the argentinian economy.

I think that Greece and Argentina will make a good examples for comparisons of different approaches, when both recover economically (if they do recover, that is).