What kinds of economic ripples will this have around the world?
If Wall Street doesn’t get its money maybe we’ll invade Argentina.
RE: What kinds of economic ripples will this have around the world?
The ripples will mainly affect those who lent money to Argentina — mostly huge financial institutions and hedge funds who bought their bonds because of the high yield.
From hereon, Argentina will be LEPERS to the world financial market and almost nobody will want to lend her money.