The Argentinean Debt experience and Ireland

dublin | anti-capitalism | event notice Thursday June 16, 2011 10:30 by LASC - LASC

In December 2001, Argentina experienced an unprecedented economic crash, with a 75% devaluation of their currency. Enormous hardship ensued for their people and large scale populal mobilisation. The economic collapse included the largest sovereign default in the history of modern finance.

Meeting: 22 June at 7 pm LASC Offices -5 Merrion Row, Dublin 2.

Since then the Argentine economy recovered
by doing exactly the opposite to what they were told by the
International Financial Institutions (with a 100% payoff to the IMF).
Argentina’s experience is poignantly relevant to Ireland today, yet
the Irish media continues to demonize the Argentina’s actions through
misinformed reporting. Tony will discuss some of the historical
context, the parallels and the differences between the Irish and the
Argentine experience and will take a sneak peak into the future at
Ireland's options and their possible consequences; adding a little
hindsight. The presentation will be interactive incorporating video.

Tony Phillips is an Irish Researcher at the School of Economics of the
University of Buenos Aires (UBA), he is an activist on sovereign debt
in Argentina and a technical advisor on specialist aspects to latin
governments. He has followed the situation closely in Ireland and
published a number of articles and letters to the editor e.g.:
http://www.newswhip.ie/national-2/scream-early-and-scre...ilout