Tag Archives for Default

Argentina’s latest ‘default’: it’s all in the contract!

Giselle Datz

International litigation instills yet more ‘ad hocery’ in the increasingly tricky debt game A few days ago, on 1 August, credit rating agencies downgraded Argentine bonds to ‘selective default’. The country’s creditors, who accepted both the 2005 and 2010 debt restructurings that followed the 2001 default, had not received their interest payments on the expected date (30 June 2014). But … Continue reading

5 August 2014 by
Categories: Economics, Finance, SPERI Comment | Tags: , , , | 2 comments