Feb
16
A Fight Over Argentina’s Debt Produces No Winners
ByCredit Harry Campbell
The battle over Argentina’s debt is at the end stage, as the hedge funds and the country enter into negotiations to resolve the dispute.
The hedge funds may claim victory, reaping billions of dollars on legal technicalities, but there are no real winners in this sorry affair.
The fight began after Argentina defaulted on about $92 billion worth of sovereign debt in December 2001…
A Fight Over Argentina’s Debt Produces No Winners