Comment Re:it's not "slow and calculated torture" (Score 1) 743
Argentina was a special case where an investor rolled the dice on buying up all their debt and then somehow taking them to court in the US and winning a judgement that crippled them financially. Previous to that, Argentina has had a long track record of failing to pay back their debt going back decades without repercussion. So do most other countries outside of western europe. Spain and Greece are two of the biggest examples of what happens when you join a currency union and your economy is not in sync with the strongest players.