Argentines Shrug Off Default Prospect as No 2001 Repeat Seen
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Martin Cornejo shrugs his shoulders when asked if he’s worried Argentina may be days away from defaulting for the second time in 13 years. No one expects a repeat of the last economic collapse, he says.
“This is very different to 2001,” when Argentina defaulted on a record $95 billion of debt, said Cornejo, who works at a newspaper kiosk in central Buenos Aires. “People knew then it was going to happen. Now, they don’t pay attention.”