As the dust clears from the wreckage of Argentina's default and devaluation at the end of last year, Latin America is beginning to digest the implications. Initial optimism about the limited knock-on effect on financial markets is giving way to worries that Argentina's crisis could spark political or ideological contagion throughout the region.
Argentina's crisis, of course, is nowhere near over. President Eduardo Duhalde faces an immensely challenge simply to maintain social stability - let alone revive an economy sinking deeper into recession after nearly four years of contraction.
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