Argentina Defaults: Who is to Blame?
Argentina has defaulted on its international debt for the second time in 13 years. Did wealthy speculators hold the country to ransom? Or did Argentina not keep to the small print in its debt contracts? We discuss that small print with Deborauh Zandstra, partner at lawyers Clifford Chance in London. Also, Eswar Prasad, author of The Dollar Trap: How the US Dollar Tightened its Grip on Global Finance, tells us why the American dollar is likely to remain the world's reserve currency of choice for a long time yet. And the BBC's Rahul Tandon in Calcutta explains why so many Indians are mourning the death of a comic book hero - Archie Andrews - the American comic book character dating back to 1941.