S.&P. Says Argentina Has Defaulted
dealbook.nytimes.com
S.&P. Says Argentina Has Defaulted
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Re: S.&P. Says Argentina Has Defaulted
#2The worst thing about living in Uruguay is being right next to Them. Now this happens, and we're going to get the fallout.
Re: S.&P. Says Argentina Has Defaulted
#3To understand background and potential implication, I found http://dealbook.nytimes.com/2014/07/30/q-a-whats-behind-the-... helpful.
Re: S.&P. Says Argentina Has Defaulted
#4Wow ! Just one investor can bring a country to its knees !
Re: S.&P. Says Argentina Has Defaulted
#5Wow ! Just one investor can bring a country to its knees !
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Re: S.&P. Says Argentina Has Defaulted
#6Wow ! Just one investor can bring a country to its knees !
These funds are like the patent trolls. The difference is that with patent trolls you are trapped in a inneficient patent system while in this case Argentina has a big part of the responsability in the way the government reestructured 93% of the debt.
Re: S.&P. Says Argentina Has Defaulted
#7Re: S.&P. Says Argentina Has Defaulted
#8The worst thing about living in Uruguay is being right next to Them. Now this happens, and we're going to get the fallout.
And here we thought you were going to say that the worst thing about living in Uruguay was the rampant nationalism between Uruguayans and Argentinians..
Re: S.&P. Says Argentina Has Defaulted
#9Wow ! Just one investor can bring a country to its knees !
Wouldn't it be more fair to say endemic corruption and decades of misguided plans that swung too hard to socialist, then capitalist and then again socialist policies created this?
The idea that the root cause of this is that a group of investors come along, buy debt on the open market and then expect that debt to be paid seems overly simplistic.
Re: S.&P. Says Argentina Has Defaulted
#10Time to reinforce the Falkland's garrison