Tag: default
defaultFears of a Greek default spread uncertainty to world markets
United States shares staged a late recovery on Monday to post only their second positive close of the month. Earlier, European and Asian markets fell on fears that Greece may default. In Latin America results were much in line with the US.
Germany debates “taboos” and possible “orderly insolvency” for Euro zone crisis
German Chancellor Angela Merkel said on Tuesday there were generally no taboos in politics but that the Euro zone crisis would not have a mechanism for ‘orderly insolvency’ of one of its members until its permanent rescue mechanism comes into power in 2013.
China loans and oil prices boost Ecuador economy two years after default
Ecuador’s bonds are rewarding investors with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on 3.2 billion US dollars in debt.
Krugman: “when Argentina tried to act as a serious country, it was “a disaster”
Nobel Prize winner Paul Krugman took to his blog in the New York Times to say he didn’t see how Argentina’s default could be seen as a cautionary tale for Greece, and questioned a local economist who assured Argentina was not considered “a serious country.”
A Uruguayan debt ‘profiling’, an option to help Greece avoid defaulting
With Greece on the precipice of financial collapse and a full Euro confidence crisis looming while EU leaders can’t agree on the next steps, the example of Uruguay in 2002/03 stands out as a successful smart way out of the crisis that spilt over from neighbouring Argentina.
Argentina still haunted by the holdouts from the 2001 default
Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.
IMF warns Europe must address “underlying problems”
A government debt crisis that has engulfed the Euro-zone should serve as a “wake-up call” for European governments to keep a more watchful eye on their budgets, the International Monetary Fund (IMF) said Wednesday.
Argentina Confident Bondholders Will Join Debt-Swap: Wednesday D Day
Argentine Economy Minister Amado Boudou held a meeting Tuesday with 40 international investors at the New York Palace Hotel, within the framework of his United States road show to encourage bondholders to join the Government's debt-swap.
IMF Anticipates Good Prospects for Argentine Defaulted Bond Swap
Given the high levels of global liquidity, Argentina should succeed in restructuring its 20 billion US dollars in defaulted bonds according to a senior official from the International Monetary Fund.
Argentina Publishes Terms of the Defaulted 20 Billion Bonds Swap
The Argentine government has published the offer to swap 20 billion US dollars in defaulted bonds on specialized media around the globe and on www.argentina2010offer.com website.
