An Interesting Article
Did the United States Of America deny Argentina it's right to pay is debt creating a default
After reading ( the below ) It has been drawn in my mind as a fact
others will say the lawyers, but don't the work with the legal system which is actually the government it self?
http://www.kitco.com/news/2014-08-20/Argentina-Seeks-Default-End-With-Venue-Change.html
President Cristina Fernandez said late Tuesday she will send a bill to Congress that would allow the South American country to pay creditors in Argentina through a local bank, removing the Bank of New York as its trustee.
The proposal is intended as a way around a U.S. court order that blocked Argentina from making $539 million in interest payments on July 30, triggering the country's second default in 13 years. It would apply to bondholders who accepted lower-value bonds following the country's 2001 default and could further complicate the battle with holdout creditors.
GnS+Research
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.