In an extensive report, the Task Force Argentina (TFA)—which represents Italians holding some 4.5 billion US dollars in defaulted Argentine sovereign bonds—gave an ambiguous declaration over Argentina's debt-swap plan. Read full article
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Well MR. Nicola Stock was very naive to think that he could twist Argentina’s decision by using his influence in Washington and in the international media.May 14th, 2010 - 05:55 am - Link - Report abuse 0
Also has provoked a major lost to investors in having extraordinary expenditures in lawyers, publicity, media coverage etc.
And now what? The investors will get less.
Nicola, Nicola ragazzo, non devi mangiare tanta pasta fa male.
They better accept or be prepared to lose more money in future!!!May 15th, 2010 - 03:20 pm - Link - Report abuse 0
Dear Dr. Stock,May 15th, 2010 - 06:45 pm - Link - Report abuse 0
Thank you for your hard work. We need people like you to stand up to the arrogance of administrations who hide behind the shield of sovereign immunity to blatantly flout rule of law and trample the interests of private individuals who remain defenseless since they are not admitted to international courts. In the face of such adversity it is no wonder that after five years of unadulterated iniquity you feel it is up to individual investors to form an opinion - not on the fairness of the offer which is clearly a unilateral rip off - but on the prospects of future improvement, given the quasi universal blindness and/or defeatism of investors/electors/citizens; how it is that anyone can seriously consider lending to a sovereign, whoever that sovereign may be, remains a mistery to me, given the comptempt with which private investors are treated when the going gets rough.
Dr. Stock you deserve high honours - which you will never get.
In admiration and thanks,