Tag: default

• Thursday, June 23rd 2011 - 08:58 UTC

  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.

• Friday, February 4th 2011 - 21:53 UTC

  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.

• Thursday, July 22nd 2010 - 09:32 UTC

  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.

• Wednesday, May 12th 2010 - 07:01 UTC

  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.

• Wednesday, May 5th 2010 - 06:03 UTC

  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.

• Saturday, May 1st 2010 - 08:36 UTC

  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.

• Thursday, April 29th 2010 - 06:50 UTC

  Argentina Opens Defaulted Sovereign Bonds’ Swap Next Monday

  

  Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.

• Wednesday, April 28th 2010 - 03:34 UTC

  European Financial Regulators Clear the Way for Argentina’s Bonds Swap Offer

  

  European financial regulators approved the outlines of the Argentine swap offer on up to 20 billion US dollars in defaulted bonds, putting Argentina a step closer to launching the exchange. The country aims to return to international debt markets by striking a deal with “holdout” creditors who rejected a tough 2005 restructuring of nearly 100 billion US dollars in defaulted debt.

• Tuesday, April 27th 2010 - 06:03 UTC

  US Judge Griesa Denies Request to Suspend Argentina’s Debt Swap

  

  A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.

• Tuesday, April 27th 2010 - 05:47 UTC

  Argentina Insists that Official Statistical Information is “Trustworthy and Solid”

  

  Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”