News Flash:

A faltering economy, a coalition government torn between spending cuts and tax rises, a sinking currency, money printing and ‘unconventional’ monetary policy. Britain in 2012? No, Argentina in 2002.

The problems faced by Argentina a decade ago and by Britain (and the US) are eerily similar. In each case the government believed that through its own sophistication and trickery it could defeat a debt crisis of its own devising

Source: http://blogs.telegraph.co.uk

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