Tags: argentina

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

August 28th, 2014
in Op Ed

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed more »

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

August 14th, 2014
in Op Ed

Argentina has now taken the US to The Hague for blocking the country's 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need more »

Argentina Will Survive Default

August 7th, 2014
in Op Ed

The Argentine government recently defaulted on its external debt. The country’s debt issues had been building up for some time and then, just over ten years ago the country’s newly-elected president, Néstor Kirchner, rejected responsibility for the external debts his predecessors had more »

Cyprus and the Biggest Myth of Banking Today

March 23rd, 2013
in Op Ed, syndication

Written by Adrian Ash, Bullion Vault Bank deposit accounts should be sacred. Right up until they're not... YOU'D THINK that with all this practice, politicians would know how to handle a banking crisis by now. Most especially in the Eurozone. But n… more »

Japan: Fiscal Stimulus Until Inflation

January 18th, 2013
in Op Ed, syndication

by Dirk Ehnts, Econoblog101 Paul Krugman notes in his column today that Japanese authorities plan to increase government spending until inflation results and expect that they still have to pay zero interest rates on government bonds. Here is the main… more »

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