Monday, July 28, 2014

More on Argentina and the Vulture Funds


This week will be key for the Argentine debt renegotiation drama. If no agreement is reached then default might take place. Here is a short note in Spanish for the Argentine newspaper Página/12, in which I suggest that in spite of the costs of an agreement, and the fact that on a simple technical basis Argentina should not pay them (after all they would still profit if they accepted the terms that 93% of bondholders agreed to), it might be the only solution that would allow economic growth to continue.

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