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World Service,03 May 2011,18 mins

Defaulting on debt

Business Daily

Available for over a year

What will happen if Greece does default on its debt, Business Daily learns the lessons from Argentina. There's some stark advice from someone who really understands the consequences. Martin Redrado was in charge of running Argentina's central bank after the country went bust a decade ago. He was the man whose job it was to tell lenders that Argentina wouldn't be repaying their cash and his message to Europe is clear - don't default. Plus, how one Indian company discovered that doing business in the old economies of Europe can be challenging. Also, how rising oil prices, and the subsequent rise in subsidies in countries like Indonesia is causing some political headaches and tensions.

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