Why Argentina’s crisis should weaken the euro

- By FX Markets Staff
- @FXMarkets_
- 23 Jul 2001

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HSBC economists Santiago Millan and David Lubin say that with greater European investment in Argentina, the crisis will prove far more damaging to the euro than the dollar

Last Wednesday, Alan Greenspan commented in congressional testimony that “the degree of so-called contagion [from Argentina] is not very large at this point, and frankly I do not expect it to become very large”. Indeed, the consensus view at this point is that Argentina will not be another Russia, ie, that its crisis will not

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