1.0WAMUhttps://wamu.orgadminhttps://wamu.org/author/admin/When A Country Defaults, Who Comes Knocking?rich600338<blockquote class="wp-embedded-content" data-secret="TEhpd4DRcI"><a href="https://wamu.org/story/11/10/09/when_a_country_defaults_who_comes_knocking/">When A Country Defaults, Who Comes Knocking?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://wamu.org/story/11/10/09/when_a_country_defaults_who_comes_knocking/embed/#?secret=TEhpd4DRcI" width="600" height="338" title="“When A Country Defaults, Who Comes Knocking?” — WAMU" data-secret="TEhpd4DRcI" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://wamu.org/wp-content/uploads/2011/10/09/argentina_1_wide.jpg1000561We all know what happens when individuals stop paying their bills. It's an onslaught of angry letters, pestering phone calls and bankruptcy paperwork. But what about when an entire country can't pay the bills? Argentina's default in 2001 is a nightmare scenario for lenders warily looking at Europe's crisis.