by Elliott Morss, Morss Global Finance
Editor's note: The article posted previously inadvertently omitted some of the material included here.
News from Argentina seemingly goes from bad to worse. But there is one piece of decidedly good n… more »
News from Argentina seemingly goes from bad to worse. But there is one piece of decidedly good news - Presidential elections in October. In what follows, I review the damage done by "The Lady" and suggest a plan of action for the next government. more »
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 »
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 »
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 »