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29-07-2014, 10:36 AM
(29-07-2014, 09:46 AM)theasiareport Wrote: Argentina has defaulted so many times I am frankly surprised that anyone was willing to lend them money in the first place. Same goes for Greece.
This seems like a replay of the same story. Default. Restructuring. Re-issuing of bonds with *new* terms*. Rinse-repeat.
As they say, hope springs eternal.
Regards,
theasiareport.com
This is actually the opposite IMO.. It's precisely because these holdout are had been refusing to settle for a write-off/restructure/new debt. Question is, will Argentina call their bluff?
You can count on the greed of man for the next recession to happen.