3 Updates

NY judge to Argentina: The court will be obeyed

Source: FindLaw: AP Professional News, Nov 22 2012, 7:09pm CST

BUENOS AIRES, Argentina (AP) — Argentina has finally run out of wiggle room in a billion-dollar showdown over foreign debts unpaid since the country's world-record default a decade ago, and the stakes couldn't be higher for President Cristina Ferna ...

Continue reading on: FindLaw: AP Professional News

 
 
Update
3

5 days ago

10 biggest reasons we're in debt

Source: FOX Sports  |   May 13 2013, 6:45pm CDT

The biggest debt is the one we didn't make. The national debt. Not one of us signed for this debt. I think lawmakers should shoulder the blame for that. They should be forced to sell whatever they have and pay on t ...

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Update
2

6 days ago

Argentina faces very different debt default if loses legal fight

Source: Yahoo News: Business  |   May 13 2013, 6:05am CDT

By Hilary Burke BUENOS AIRES (Reuters) - When Argentina defaulted on its debt in 2002, the economy was collapsing and a bloody popular revolt had helped topple two presidents in a week. Now, the country could default again, but it w ...

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Update
1

25 weeks ago


Quote:
"I could see this extended very quickly. Then again, $12 billion is not beyond Argentina's ability to pay. After all, they're using $10 billion of their reserves each year to pay for government programs. And I think paying off its debts would be a good use of those reserves"


Source: FindLaw: AP Professional News

 
 
 
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