No need to cry for Argentina

Chris Cann
Resource Stocks

The economic quagmire that was the Argentine economy at the turn of the millennium is a thing of the past, and companies are increasingly choosing the country as a destination for their investment dollars.

Argentina was on its knees a little less than five years ago, having defaulted on a $US140 million ($A186 million) international debt, the biggest default in history, and enduring a 10-day period that saw five separate presidents taste power. The country’s population was immersed in poverty.

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