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Gauchos and Gadflies; Argentina's Debt Default
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8756 (Oct. 2011)
,
page 82-83.
Topik:
Creditors
;
Litigation
;
Sovereign Debt
;
Economic Crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Creditors' experience with Argentina should serve as a sobering reminder about the mess that can follow a sovereign default. A decade after the Latin American country welshed on $81 billion, disgruntled creditors are still chasing their money. The litigation, and Argentina's defiance in the face of judgments against it, complicate its plans to return to international capital markets. Argentina's default, after a severe economic crisis, sparked social unrest and runs on banks. It subsequently presented creditors with a take-it-or-leave-it offer of 35 cents on the dollar.
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