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It has burned itself back to 11.90/12.00 as of 2014.06.24 16:05 http://www.ambito.co.../monedas/dolar/

It seems to me, that you don't mind bending the law. I do. Judge Griesa must follow the law, and, in the case of the pari passu clause, follow what has become common use in international sovereign debt cases since 2000. Why did the e.g. 2005 (i.e. before Griesas pari passu ruling) Argentine...

The IMF is out of touch with South American reality - why am I not surprized? The second-largest South American economy is Colombia, which is currently growing by 6.4% while Argentina's grew a modest 2.9% in 2013 and contracted 0.2% in 2014 Q1.

You seem to assume the Chinese are complete dimwits :) Nobody in their right mind will lend Argentina anything unless the money is paid "back" in advance.

Oh, here we go: judge Griesa is corrupt. An attempt at character murder without any evidence. Although Argentina continues to argue that the restructurings were negotiated solutions, they were not mutually agreed ones. Bondholders had to accept or reject the offers with the alternative being...

Your vulture shirt You want to buy a new shirt, and in the street you see a shop, which advertizes: "Shirts. 75 percent off!" You enter the shop, and find a shirt you like. The shop owner says "the price was 100, and with 75% off you get it for 25 - but that is without the usual guarantee"...

As one of the Argentine "vultures" said: "creí en el país y me estafaron" - a victim of Argentina is a vulture. Here is a selection (from one end of the list, A-B ) of German holdouts and their claims as they stood in 2011 (the number of German holdouts is 400+ all of them with claims below 1...

Your link leads to a 24 pages brief, which I won't spend time reading just to answer your question. If you want a more elaborate answer, you must point to the precise arguments that is supposed to show judge Griesa's pari passu interpretation to be faulty and the French interpretation to be...

You are not only trying to shift the responsibility from Argentina to a judge who must follow the law, you are also on a very dangerous slippery slope, which can lead to not sending criminals to jail because their poor, innocent children would suffer. In 1994 France had troops in Rwanda. They...

Pure rubbish as the premise is completely wrong. The bonds in question are as follows: Of the US$ 81 836 million in defaulted bonds: 49% (40 363 million) were issued during the period 1989 to 1999 51% (41 473 million) were issued during the period 1999 to the default in 2002 Unless the...

It is highly unlikely that in the future sovereigns will find themselves in Argentina’s predicament. "... the Second Circuit noted that “it is highly unlikely that in the future sovereigns will find themselves in Argentina’s predicament” because “[c]ollective action clauses - which effectively...

It is about as legal as it can get. Numerous loans to nations are on the same conditions (e.g. under New York law), except since 2005 they contain a protection against hold-outs - the majority of creditors decide about restructuring.

- and dropped them again because you cannot buy votes with austerity.

I was ironizing over who is to blame, especially your "Singer f*** with a 1-3% holding in Argentina's defaulted bonds is now controlling and impeding payment to the settled bond holders: ~90%" whereby you imply that this is somehow Singers fault, not Argentina's. The idiot actions of the...

Could you please tell us what is strange about judge Griesa's pari passu interpretation? In 2000 the Court of Appeal in Bruxelles used the exact same interpretation of "pari passu" as did judge Griesa in New York. Pari passu migrated from commercial law (where it is also called pro rata) into...

Sure, Singer first forced Argentina to borrow 90 billion US$ under New York law, and then he forced the Argentine government to steal and waste every cent of it, didn't he? I don't like hedge funds and people like Singer, but it was Argentina, which borrowed and wasted the money, as usual...

So you will find it fair, that if I borrow 10 000 pesos from you, and when I should pay it back, I say: "I have spent the money, so I won't pay you. You can get 600 pesos a year over the next five years - take it or leave it!" Fair, isn't it? A large number of German and Italian pensioners lost...

Which other laws should a court ignore? based on which criteria? Appendix 3 The terms of the bonds "…… The republic has in the fiscal agency agreement irrevocably submitted to the jurisdiction of any New York state or federal court sitting in the Borough of Manhattan … The republic agrees...

Yanqui go home! - but leave your money. A very old tune.

No. But then again, your premises are false.