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Argentina's holdout bondholders, who are refusing to accept haircuts on defaulted debt, have...

Argentina's holdout bondholders, who are refusing to accept haircuts on defaulted debt, have filed an emergency motion to an appeals court requesting that the country be forced to post a security of at least $250M to show that it won't try to squirrel its way out of a district judge's order to pay the creditors $1.3B if the higher court doesn't reverse the judge's ruling. Last week, the court allowed Argentina to delay the payment of the money.
Comments (2)
  • i've seen this movie already, it was called "the curse of industrial takeoff." a mad economist convinces a group of countries to borrow from his friends in order to pay his friends to make the countries rich.

     

    the countries get poorer instead and finally they stop paying. people were hammered. poor people down there, small holders up here.

     

    but the friends! oh! the domestic customers of those friends were forced to pay for services which were once free, to make up for the heavy and unrecoverable losses. kept paying, always paying more for less, until it all collapsed.

     

    stupid movie.
    2 Dec 2012, 07:57 AM Reply Like
  • They will not pay
    3 Dec 2012, 06:28 AM Reply Like
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