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.
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.
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."