One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding. Read full article
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Disclaimer & comment rulesI didn't think that Argentina would default. However I am starting to reassess that position now.
Jul 02nd, 2014 - 01:37 am - Link - Report abuse 0@1
Jul 02nd, 2014 - 07:37 am - Link - Report abuse 0It's the Falklands playbook all over again: loudly clamouring for negotiations which they then make impossible, appeals for validation to every irrelevant international gathering there is, histrionic posturing and repeatedly insulting their adversary. My guess is they are going to default, and they've intended to do so all along, they're just maneuvering to have a heroic victim card to play, largely for the benefit of the domestic audience.
#2:
Jul 02nd, 2014 - 03:23 pm - Link - Report abuse 0Are Argentina representatives expected to be hard negotiators on behalf of the country?
Absolutely! That is what Argentines expect--for a change.
In the past, Argentines heard from the generals, from Carlos Menem and Fernando de la Rua about good arrangements reached with creditors. Then the foreign debt ballooned, ending up in the catastrophic default of 2001.
The Singer-Griesa tandem should realize this time they have a tough bone to chew.
Agreements with Repsol and Paris Club were a good model on how to deal with unpaid debt.
Jul 02nd, 2014 - 04:36 pm - Link - Report abuse 0Quite correct - Absolute capitulation and default by the Argentine government and its people.
@ 3 Enrique Massot
Jul 02nd, 2014 - 10:11 pm - Link - Report abuse 0The Singer-Griesa tandem should realize this time they have a tough bone to chew.
Which bone would that be? One of those that TMBOA throws onto the table during ministerial meetings to decide what to do?
You are REALLY FUNNY.
PMSL.
Just wait. You'll see.
Jul 03rd, 2014 - 01:21 am - Link - Report abuse 0Commenting for this story is now closed.
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