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Argentina enjoying economic boom 10 years after collapse

2 December 2011 Last updated at 06:35 GMT

While many countries are suffering from an economic downturn there are some which are growing rapidly.

Among them Argentina, where the economy grew by more than 9% last year.

But it was not always this way. A decade ago the Argentine peso collapsed, there were riots in the streets and the country defaulted on its foreign debts.

As Vladimir Hernandez reports from Buenos Aires, many people still feel the effects of the crisis.