So it’s hello from Argentina and Latin America’s southern cone … and we kick off with weed
After almost five months of radio silence, I’m reconnecting with the Twittersphere…
BUENOS AIRES, Sept 10 (Reuters) – The Argentine government
said Wednesday that its refusal to repay a group of U.S. hedge
funds that stand to profit on the country’s defaulted debt was
vindicated by the United Nations’ support for a multilateral
plan handling bond restructurings.
The lengthy legal battle between Argentina and the
investment funds that snapped up its bonds on the cheap after
its record 2002 default and are suing for 100 cents on the
dollar led to the Buenos Aires government defaulting again in
BUENOS AIRES (Reuters) – Argentina on Friday accused the U.S. judge who called the country’s new debt restructuring plan illegal of making “imperialist” comments against the South American nation.
Latin America’s No. 3 economy tipped into its second default in 12 years in July after U.S. District Judge Thomas Griesa blocked payments to holders of debt issued under U.S. law that was restructured following its record default in 2002.
BUENOS AIRES (Reuters) – Argentina’s plan to restructure its external debt to skirt a U.S. ruling that prevented it paying its creditors boosts the risk of investors demanding the accelerated payment of their bond holdings.
Its second default in little over a decade opened Latin America’s No. 3 economy to the possibility of creditors declaring the principal value of their bonds and interest due immediately – a process known as acceleration.