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Argentine Senate begins consideration of debt 'normalization' bill following approval by Lower House

Wednesday, March 16th 2016 - 17:15 UTC
Full article 3 comments

The administration of president Mauricio Macri overcame a first hurdle in the Argentine congress to have its “debt normalization” bill approved, which should help bring to an end years of litigation with the holdout funds and open access to global money markets in normal conditions. Read full article

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  • Zaphod102

    I saw some of this debate. A lot of meaningless repetition from the Ks and I saw a picture posted that appeared to show both Kicillof and Maxi fast asleep! If they can't be bothered to fight for this then they appear to be a spent force-lots of noise (mainly snoring) but insufficient influence to prevent the Macri progression to some sort of normality. 165:85 is not a borderline result.

    We'll see what happens in Senate, maybe the Ks were keeping their powder dry, but I somehow doubt that they have the intellect for such an approach.

    Mar 16th, 2016 - 05:53 pm - Link - Report abuse 0
  • Briton

    Argentine Senate begins consideration of debt

    You could the Turkey deal, its all the rage nowadays,

    you get your debtors to give you $100 dollars up front,
    and for every dollar you give them,
    they give you one dollar back,

    brilliant.

    Mar 16th, 2016 - 08:16 pm - Link - Report abuse 0
  • chronic

    rgs' bill anticipates non-performance on the new issuance.

    Brilliant.

    rg:

    It's default when you lack liquidity.

    It's stealing when you choose not to pay.

    Mar 17th, 2016 - 03:53 pm - Link - Report abuse 0

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