Graffiti in Buenos Aires says, “No to the payment of the debt.” Hedge funds have won court victories demanding full payment on the bonds. Credit Marcos Brindicci/Reuters
Argentina Hours Away From Bond Default -- BBC
Argentina's economy minister is expected to return to the negotiating table on Wednesday in a last-ditch attempt to prevent the country defaulting on its bonds.
Axel Kicillof's talks with "hold-out" investors ended late on Tuesday night in New York without agreement.
They are demanding a full pay-out of $1.3bn (£766m) on the bonds they hold.
A US judge has ruled that the "hold-outs" must be paid by Wednesday night if no deal is agreed.
But thousands of miles away in Buenos Aires, many are sceptical that there can be any agreement.
Read more ....
More News On Argentina Being On The Verge Of Default
As Talks Falter, Bond Default by Argentina Appears Likely -- NYT
Argentina talks go long as debt deadline looms -- USA Today/AP
Argentina is about to choose a sovereign default that could wipe out its foreign reserves -- Quartz
How Argentina’s Default May Trigger $29 Billion in Claims -- Bloomberg
It's the end of Argentina as we know it, and the world economy will be just fine -- Heidi Moore, The Guardian
If Argentina Defaults, Then What? -- Mike Cherney, WSJ
The Economist explains: Why Argentina may default on its debts -- The Economist
3 comments:
We haver to learn the hard way.
The Argentines have to learn if you do not pay the debt, no one loans you money.
The Argentine people and the world have to learn to tell the Argentine Left and the world left that they are full of it.
Cristina Fernández de Kirchner was married to a previous President. she is a lawyer. "Her highly combative speech style polarized Argentine politics, recalling the style of Eva Perón" (wiki).Her speech style is like Hillary Clinton's, Elizabeth Warren's or Obama's speech styles.
This does not end well there or here.
What were Cristina's qualifications for the presidency? She was a lawyer, she was a leftists and she was married to the last president. Does that make sense?
For many Argentinians this does make sense ... hence the problem.
And many Americans want to elect Hillary.
So before I go throwing stones in a glass house...
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