“Argentina – ninth national bankruptcy is imminent” By Angelica Dominguez-Cardoza and Cristoph Trebesch, courtesy of IfW Kiel As Argentina’s elections were set to begin Sunday, the state is headed for yet another bankruptcy. The government has borrowed nearly $45 billion overseas in just two years. The country’s debt ratio has nearly doubled since 2015 to […]
Tag: haircut
Argentina’s New Look: Get ready for a haircut, bondholders
Argentina’s likely next president, Alberto Fernandez, has signaled his intention to “restructure” the country’s debt, meaning another selective default following the one already imposed by current president Maurico Macri in August. The terms currently proposed by Fernandez, who is widely expected to win the country’s next election slated to begin October 27, involve […]