Countdown To Default!

[ajoknoblauch]

Predictable. That's because a country has sovereignty.

"Sovereignty" is more relative than absolute. No country is totally "sovereign."

 

[dennisr]

Dah.... Argentina threatened with contempt of court. WTF , going to put K in jail for contempt? The old judge has met his match: Ms K.

http://www.reuters.com/article/2014/08/08/argentina-debt-griesa-idUSL2N0QE1PU20140808

 

[Bajo_cero2]

Dah.... Argentina threatened with contempt of court. WTF , going to put K in jail for contempt? The old judge has met his match: Ms K.

http://www.reuters.com/article/2014/08/08/argentina-debt-griesa-idUSL2N0QE1PU20140808

It is hilarious!

 

[Bajo_cero2]

"Sovereignty" is more relative than absolute. No country is totally "sovereign."

Sure, but a State is not a simple juridic person as Don Alberto used to asserted.

 

[ajoknoblauch]

Sure, but a State is not a simple juridic person as Don Alberto used to asserted.

In this case, Don Alberto is correct.

 

[Bajo_cero2]

In this case, Don Alberto is correct.

Why?

 

[ajoknoblauch]

Why?

Under US law, the party being sued is a legal person.

 

[Bajo_cero2]

Under US law, the party being sued is a legal person.

States are rules by international públic law, not by local US law. The States as jurídic persons of international law with sovereignty and this is a rule of ius cogens (mandatory international custom).

This is why this case is bizarre. You have a sentence but the judge wants to negociate. Guess why?

 

[Rich One]

Argentina will demonstrate la viveza criolla

http://es.wikipedia..../Viveza_criolla

so I guess Argentina will default.

I will never forget when Kissinger offered to send trainers to countries that needed to renegotiate the foreign debt. To train them on how to pay the least possible amount to genuine bondholders following his success of paying 35 % on the dollar in 2005 to 76 % of the bondholders.

 

[dennisr]

We have changed jusristdiction to BA:

http://www.perfil.com/politica/CFK-envio-al-Congreso-un-proyecto-de-ley-para-resolver-los-pagos-de-la-deuda-20140819-0046.html