Posted on 07/30/2014 3:24:33 PM PDT by jimbo123
Argentina has defaulted again.
Argentine Finance Minister Axel Kicillof is now addressing the world from Argentina's consulate in New York City.
He has delivered the news that Argentina is in default, having failed to satisfy the demands of a group of hedge fund creditors negotiating over $1.3 billion worth of debt owed to them for over a decade.
"The Argentine Republic has filed for a stay [on payment] with Judge Griesa... The Judge decided that if the vulture funds said there could be a stay there would be a stay," said Kicillof. "The vulture funds were not willing to grant the stay."
Without the stay and without payment, Argentina is in default.
(Excerpt) Read more at finance.yahoo.com ...
Time to invade the Falklands.
Save that headline. You’ll be able to use it again in a few years. It’s as reliable and predictable as the tides.
What do they have these days to invade the Falklands? If the Argies call it that other name, the wun will at best do nothing or at worst give real aid and assistance to slap the Brits in the face.
Venezuela also cannot pay it’s debt
Sell some beef.
“vulture funds?” Well, Argentina if you paid your bills maybe the “vultures” wouldn’t be circling your deadbeat a$$.
CC
Buenos Ares better leave the lights on. The country might be repo’ed overnight.
Not to worry. Argentina can simply get the IMF (aka The United States of America) to guarantee then a whole new round of debt that they can default on again in the future.
Marxists NEVER learn.
Sell Messi.
I knew that going happen
And the money kept rolling out....
later
Argentina needs its own Augusto Pinochet. Socialists can not be adequately be dealt with by democratic means.
It’s time for the IMF to loan them the money to bail out the creditors and then submit to austerity again
“Sell Messi.”
He wasn’t worth much when it counted.
Peron ruined Argentina. They should have been an economic powerhouse.
Happened again? What a shock.
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