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Economics

Samaras Says Greece Is No Argentina, Has Confidence of Markets

Greek Prime Minister Antonis Samaras said his country will avoid Argentina’s fate of staying mired in economic troubles more than a decade after defaulting on debt.

Greece is seeking to emerge from a six-year recession after triggering the euro-area debt crisis, receiving 240 billion euros ($328 billion) in international aid and undergoing the biggest-ever writedown of privately held debt.