Latin America

2:04pm

Wed December 21, 2011
Latin America

What Greece Can Learn From South America

Originally published on Wed December 21, 2011 3:08 pm

Greek demonstrators protest in Athens on Nov. 8. Similar economic crises in Argentina and Uruguay a decade ago may be instructive for Greece today.
Orestis Panagiotou EPA /Landov

As Greece struggles with a financial crisis, there have been violent protests, creditors demanding their money, people losing their jobs and officials hunkering down.

A decade ago, that was the scene in South America when Argentina and Uruguay defaulted. The two handled the economic calamity in very different ways. Economists say their approaches — and what's happened in each country since — are instructive for European leaders as they try lifting Greece from its turmoil.

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2:43pm

Thu December 8, 2011
The Salt

Farewell To Argentina's Famed Beef

Argentina has long been famous for its grilled beef. But that beef isn't what it was.
Galina Barskaya iStockPhoto.com

When I think of Argentina, I think of beef from cows that graze on the endless pampas, tended by watchful gauchos. That grass-fed beef has been the centerpiece of Argentina's most famous dish, a slow-cooked asado on the parilla.

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10:55am

Wed September 7, 2011
Latin America

Brazil Hopes To Add Oil Wealth To A Booming Economy

Brazil's energy company, Petrobras, inaugurated a new offshore platform on June 3 in Angra dos Reis. Brazil has located major offshore oil fields and plans to greatly increase production in the coming years.
Ari Versiani AFP/Getty Images

When people say Brazil won't be the next Saudi Arabia, they mean it in a good way.

Brazil has discovered enormous oil reserves far off its coast, but the country's robust and varied economy means it shouldn't become dependent on oil.

"Brazil is not just going to be an oil exporting country," says Paulo Sotero, director of the Brazil Institute at the Woodrow Wilson Center for International Scholars. "That's not all it's going to do."

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