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Argentina still can't afford to pay its creditors from over a decade ago
2014 Jul 16, 11:53am 784 views 3 comments
by darlag follow (1)
Comments 1 - 3 of 3 Search these comments
1
Mark
2014 Jul 17, 12:55am
At this point they should just default, live the consequences. It's foolish to pretend that they will ever be able to service this much debt......aka every other debtor nation.
2
Shaman
2014 Jul 17, 1:02am
Shaman
2014 Jul 17, 1:02am
Bankruptcy isn't the problem, it's the solution. Getting out from under the thumb of the international banking cartel is worth it.
3
Heraclitusstudent
2014 Jul 17, 2:33am
Heraclitusstudent
2014 Jul 17, 2:33am
Bankruptcy isn't the problem, it's the solution. Getting out from under the thumb of the international banking cartel is worth it.
Except of course, after that, don't ask them for a loan...
That kind of forces you into living within your means.
Argentina has never been the bastion of fiscal responsibility. But the country has been mired in legal battles in the U.S. courts for over a decade and the problems won’t go away… in fact, their problems just keep growing.
http://www.globaldeflationnews.com/argentina-defaults-on-its-debt-bond-holders-get-25-to-30-cents-on-the-dollarbut-some-are-demanding-more/