Should Argentina Default On Its Debt?

[Rich One]

It appears that, if they attempt to do so, Judge Griesa will hold them in contempt.

Judge Griesa forbade to argentina to change the payment venue...

http://www.infobae.com/2014/06/20/1574689-el-juez-griesa-prohibio-al-gobierno-cambiar-la-jurisdiccion-pagarle-los-bonistas

 

[ajoknoblauch]

Judge Griesa forbade to argentina to change the payment venue...

http://www.infobae.c...le-los-bonistas

As if they're not already contemptuous enough.

 

[ArielFabian]

My original question was because, I was curious if this was legal or not:

“Transferring the bonds to local law would be very difficult at the street level,” warns Henry Weisburg at Shearman & Sterling, a law firm. First Argentina must convince a majority of holders of the exchanged bonds to agree to the swap. "

http://www.economist...-some-investors

 

[sleazemerchant]

http://www.clarin.com/politica/cara-conflicto-argentinos-entraron-canje_0_1161483903.html

Here is a worthwhile article about Argentine citizen holdouts who stand to benefit from Griesa's ruling.

 

[ajoknoblauch]

http://www.clarin.com/politica/cara-conflicto-argentinos-entraron-canje_0_1161483903.html

Here is a worthwhile article about Argentine citizen holdouts who stand to benefit from Griesa's ruling.

Buitres nac y pop!

 

[scotttswan]

http://www.clarin.co...1161483903.html

Here is a worthwhile article about Argentine citizen holdouts who stand to benefit from Griesa's ruling.

Wouldn't want to be them with their faces and names plastered all over the papers for certain nac and pop groups to see.

 

[ajoknoblauch]

Wouldn't want to be them with their faces and names plastered all over the papers for certain nac and pop groups to see.

Could be escrache time.

 

[Joe]

Here's a good video introduction to the problem if you are new to the topic: http://www.businessweek.com/videos/2014-06-16/is-another-argentina-default-coming

 

[toongeorges]

Isn't is so that Argentinians have come to believe that it is "natural" to have a crisis every 10 years or so? I think the first plan of the current government is to postpone the crisis to the next government, so they can blame the next government. If they can not postpone the crisis for so long, of course they will first blame the "vultures", though I would also not be surprised if they would come with an excuse that they managed to avoid the "unavoidable" crisis for longer than normal.

 

[TWB103]

I live in Argentina but seriously perhaps the only way for Argentina to break from its self destructive, irresponsible ways is to suffer. After the default in 2001 Argentines were too willing to believe their 'government' that just 3 years later all was cool again. These things take a generation to fix not just 3 years.

Time to drop the nationalistic politics and the fairy tales of the formation of the Republic of Argentina for a start.