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Argentina's billionaire Eskenazi family risks default on more than $2B of debt after the...
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Wednesday, April 18, 2012, 2:55 PM ETArgentina's billionaire Eskenazi family risks default on more than $2B of debt after the government seized control of YPF and said dividends probably would be reinvested. The family's Petersen Group, which owns 25% of YPF, owes Repsol (REPYY.PK) $1.9B; it counted on YPF dividend payments of as much as 90% of profit to repay Repsol and ~$680M of loans with banks including Citigroup (C).
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The extremist hostile govt of Argentina has sent a clear message to the rest of world:
Do NOT invest in Argentina!