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The 2001/02 Argentine crisis had a profound impact on Uruguay's economy. Uruguay's gross domestic product shrank by 17.5 percent and the proportion of people living below the poverty line doubled in just two years. It took almost 10 years for the poverty rate to recover to its pre-crisis level....
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In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both … by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive …
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