“Standard & Poor’s declared Argentina in default after the government missed a deadline for paying interest on $13 billion of restructured bonds. The South American country failed to get the $539 million payment to bondholders after a U.S. judge ruled that the money couldn’t be distributed unless a group of hedge funds holding defaulted debt also got paid. Argentina, in default for the second time in 13 years, has about $200 billion in foreign-currency debt, including $30 billion of restructured bonds, according to S&P. Argentine Economy Minister Axel Kicillof described the group of creditors as ‘vulture funds’ and said the country wouldn’t sign an accord under ‘extortion.'”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Police Shoot & Kill Grandfather While Responding To False Burglar Alarm
'Halal' internet means more control in Iran after unrest
New Security Device Put To Use In Edmond Schools
Glenn Greenwald: US investigates possible WikiLeaks leaker for 'communicating with the enemy'
Libyan-American Rapper Khaled M Removed From Plane, Detained
French foreign minister denies Swiss account 'rumour'
Idaho Court of Appeals overturns marijuana DUI conviction
Egyptian iron artifacts, earliest ever found, made from meteorite
Protesters target Apple for offshore tax shelters
Ranch House Near Reno is a Thriving Tax Haven, and It’s Not Alone
Asian economies most at risk for natural disaster crisis
Paradise Papers hang-out reveals income tax industry's countermeasures
Russia pulls out of decade-old drug control agreement with U.S.
China's Tsinghua prepares $23 billion bid for U.S. chip maker Micron
U.S. military helicopter crashes in Japan’s Okinawa