the argentine debt experiance - LASC

http://www.lasc.ie/content/argentinean-debt-experience-and-ireland

When: Wednesday 22 June
Time: 7:00pm
Where: LASC Offices, 5 Merrion Row, Dublin 2



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.

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.projectallende.org/archives/2010_12.html#000163