Summary: <p>It seems unlikely that Greece will be able to avoid defaulting on its loans. The real question is how the default will happen — will it be clean and organized or messy and catastrophic.<br><br>The nightmare scenario Greece most wants to avoid is what happened in Argentina. A deep recession and doomed dollar peg forced Argentina to suspend payments on its debt, leaving its lenders high and dry.<br><br>Today on the podcast, a cautionary tale for Greece.</p>
