Countdown To Default!

[French jurist]

Not surprisingly, CDS have been triggered

http://www.bloomberg.com/news/2014-07-31/argentina-debt-dilemma-spotlighting-knotted-swaps-world.html

 

[ARbound]

Not surprisingly, CDS have been triggered

http://www.bloomberg...waps-world.html

I know Singer/Elliot said he/they didn't own any CDS' but I have a feeling they might have some sort indirectly or by proxy.
I don't have any proof, just nagging suspicion...

 

[Rich One]

Not surprisingly, CDS have been triggered

http://www.bloomberg...waps-world.html

says who? confirmed?

 

[French jurist]

says who? confirmed?

(Thanks Mr Cancel if you read this, your Tweets are very useful!)​

https://twitter.com/DanCancel

 

[Rich One]

(Thanks Mr Cancel if you read this, your Tweets are very useful!)​

https://twitter.com/DanCancel

Uhmmm 15 a 0 Goleada.....

 

[Don Alberto]

Well let's see ... you've managed to pick fights not only with the pro-CFK group on this forum, but the neo-liberal group as well as the group in the middle.

When it is everyone against you then the common denominator would be the "you" part.

If you are going to be very outspoken about your ideas try to have a thicker skin.

Everybody hates the theatre on the left

My skin is thick, but I kick back at kickers - what has that got to do with skin thickness?

 

[Don Alberto]

Alberto ? Albert ? Humberto? Gilberto?

I bet your real name is Jimmy.....

Sorry, but you lost. How much did we bet? B)

As I wrote in a previous post, my workers in Mexico were unable to pronounce my name (as you know, words starting with Str are almost impossible for Latin Americans).

 

[camberiu]

Judge Griesa Slams Argentina's "Misleading Statements"

 

[Don Alberto]

Judge Griesa Slams Argentina's "Misleading Statements"

He has managed to pick fights not only with the pro-CFK group, but the neo-liberal group as well as the group in the middle. One should never tell the truth.

 

[Don Alberto]

Presidenta Cristina: "Impedir que alguien pague no es default"
http://www.losandes.com.ar/article/cristina-nego-el-default-y-pidio-unidad

Economy minister Kicillof: "there’s no default, we’ve paid"
http://www.buenosair...ult-we’ve-paid’

Can someone explain why the Argentine government claims that Argentina is not in default?

They have themselves very precisely defined what constitutes default in the prospectus for debt restructuring 2005 (under Néstor) and 2010 (under Cristina).

2005: "Notwithstanding the foregoing, Argentina's obligations to make payments of principal and interest on the New Securities shall not have been satisfied until such payments are received by registered holders of the New Securities."

http://www.sec.gov/A...04567e424b5.htm p-67
http://www.mecon.gov..._supplement.pdf S-67

2010: "Notwithstanding the foregoing, Argentina’s obligations to make payments of principal, interest or other amounts on the New Securities shall not have been satisfied until such payments are received by the common depositary (or its nominee), as registered holder of the New Securities."

http://www.mecon.gov...s)_30042010.pdf

According to both these (almost identical) Argentine definitions Argentina is in default.

Is it caused by selective amnesia? or saving face domestically?