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MercoPress, en Español

Montevideo, April 28th 2024 - 05:15 UTC

Tag: Joseph E. Stiglitz

  • Saturday, April 2nd 2016 - 07:04 UTC

    How hedge funds held Argentina for ransom

    Companies involved include some of the best-known vulture funds, including NML Capital, subsidiary of Elliott Management, a hedge fund co-led by Paul Singer

    By Martin Guzman and Joseph E. Stiglitz (*) - Perhaps the most complex trial in history between a sovereign nation, Argentina, and its bondholders — including a group of United States-based hedge funds — officially came to an end yesterday (March 31) when the Argentine Senate ratified a settlement.

  • Thursday, September 5th 2013 - 02:06 UTC

    Nobel Prize Stiglitz comes out strongly in support of Argentina in bonds litigation

    “A basic principle of modern capitalism – that when debtors cannot pay back creditors, a fresh start is needed – has been overturned” claims Stiglitz

    “A recent decision by a United States appeals court threatens to upend global sovereign-debt markets. It may even lead to the US no longer being viewed as a good place to issue sovereign debt. At the very least, it renders non-viable all debt restructurings under the standard debt contracts.