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Economics & Finance

Given the similarities between millennium-era Argentina and today’s Greece, some wonder if a Greek default and currency exit might not be the worst option for Athens. 

As the world grapples with generating employment, growth and innovation, a new club of countries has emerged as an engine of regional growth.

After the Venezuelan government announced its intention to devalue its bolívar currency late last week, the 32-percent shift in its exchange rate—from 4.3 to 6.3 bolívars to the dollar—went into effect yesterday.

Top stories this week are likely to include: Strong chavista performance in Venezuelan regional elections; Mayan peoples celebrate the thirteenth B’ak’tun; Argentina faces international fiscal isolation; and Peru and Chile sign a pact to remove mines from their shared border.

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