ajoknoblauch
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Argentina signed a contract which defined how and where and when payments will be made. Changing that contract to suit specific needs that has no superior mutual benefit is called a default. If I give you a mortgage which contains clauses that define payment procedures and times and places , amounts and process. And you decide you no longer like my rules. So you make unilateral changes to benefit yourself. You default. [I do not support Singer, I think he is a pig, but Argentina has a long history of "changing the rules]
The guiding principle of Peronist "law" is expediency.