Effects Of A Default On Expats

[Gringoboy]

When is someone going to have and balls to tell her to shut her trap?
We all understand the idea of being pushed to the edge, being held to ransom etc

 

[GS_Dirtboy]

I suspect that:

1. Argentina will offer a down payment on the holdout judgement or offer other form of security. In return ...
2. The holdouts ask Griesa for a stay until Dec 31 (the date when the RUFO clause will expire).
3. After Dec 31st all parties are free to negotiate a settlement without invoking RUFO.

But I'm an optimist.

 

[French jurist]

I suspect that:

1. Argentina will offer a down payment on the holdout judgement or offer other form of security. In return ...
2. The holdouts ask Griesa for a stay until Dec 31 (the date when the RUFO clause will expire).
3. After Dec 31st all parties are free to negotiate a settlement without invoking RUFO.

But I'm an optimist.

And on Argentina's side, the article says Argentina would ask for a 120 billion form of security deposit from the Vultures (in case the RUFO clause activates, which is impossible according to the Vultures so they should find a way to get that form of insurance...).

Stay tuned for the next episode! (they meet today at 1pm Argentine time)

http://www.lanacion....ponga-el-amparo

 

[ajoknoblauch]

Meanwhile, the dólar blue is steadily rising.

 

[French jurist]

Kind of confirms my initial feeling about Griesa. I'm of course rather sad for Argentina, but that also makes me feel pity for this Judge, in a major case & likely his last one.

(Google translate)
“[font=Helvetica Neue']The Argentina Republic attempted to pay the interest on its bonds. That attempt was inappropriate. But the money was actually paid, "said Judge Judge Thomas Griesa referring to 1151 million dollars deposited by the country in accordance with its contractual obligations. It was learned through the stenographic record of the meeting that the judge had with paying agents who are still unable to finalize the payment to bondholders who agreed to swap debt. [/font]
Griesa gave a peculiar audience was allowed to doubt aloud to their own orders, launched contradictory phrases and even acknowledged that perhaps "not covered well" some aspects of the case. Also cross-examined a dozen times about the route of payment and the institutions involved in the payment of bonds exchange. After two hours of hearing seemed more confused than when you started the session. And is "booked" for later the possibility of issuing an opinion on orders recovery of bondholders swap, both foreign law and local law, and clarification of the steps for payment, which should give the entities financial."


http://infojusnotici...riesa-4948.html

 

[Alicia karr]

Well really no it's not according to LaNacion and InfoBae, today Thursday at 2:30. It actually lowered a tiny bit. Altho I too find that counter intuitive, but so is much that happens here!

 

[ajoknoblauch]

Kind of confirms my initial feeling about Griesa. I'm of course rather sad for Argentina, but that also makes me feel pity for this Judge, in a major case & likely his last one.

(Google translate)
“[font=Helvetica Neue']The Argentina Republic attempted to pay the interest on its bonds. That attempt was inappropriate. But the money was actually paid, "said Judge Judge Thomas Griesa referring to 1151 million dollars deposited by the country in accordance with its contractual obligations. It was learned through the stenographic record of the meeting that the judge had with paying agents who are still unable to finalize the payment to bondholders who agreed to swap debt. [/font]
Griesa gave a peculiar audience was allowed to doubt aloud to their own orders, launched contradictory phrases and even acknowledged that perhaps "not covered well" some aspects of the case. Also cross-examined a dozen times about the route of payment and the institutions involved in the payment of bonds exchange. After two hours of hearing seemed more confused than when you started the session. And is "booked" for later the possibility of issuing an opinion on orders recovery of bondholders swap, both foreign law and local law, and clarification of the steps for payment, which should give the entities financial."


http://infojusnotici...riesa-4948.html

Obviamente, editado por camporistas.

 

[French jurist]

Obviamente, editado por camporistas.

The transcripts are likely available online...

If what's written is true, then the right to be informed issue might be on the NY side.
If what's written is wrong, then indeed the camporistas are everywhere.

 

[dennisr]

Back to square one, judge has old age problems? Recuse himself and start over:
http://www.telam.com.ar/notas/201407/72234-thomas-griesa-condiciones-juez-incapaz-juicio-fondos-buitre-periodista.html

 

[Don Alberto]

Back to square one, judge has old age problems? Recuse himself and start over:
http://www.telam.com...periodista.html

The source is Télam.

The inflation in the years 2009-2013 was on average 10.4 percent year-over-year.