30/08/2013 | Economia y Finanzas
Not Crying for Argentina but Fearful of a Ruling
In the world of sovereign debt defaults, it is hard to imagine a less sympathetic debtor than Argentina. It has defaulted again and again for nearly two centuries, with few apologies. After the country’s most recent default, in 2001, it refused to negotiate for four years and then offered creditors a deal worth about 30 cents on the dollar — and vowed that those who refused would receive nothing.
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