…tango or samba, the ladies have the joint jumpin’…
In one case. The President of Argentina has decided that being courteous is just that, being courteous; and courteousness represents no surrender of the country’s independence to some well-connected buitres del norte. So what does the Lady Pres do? Argentina moves to cut out US hedge funds. In a nutshell,
Argentina’s plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings, the government said.
The deadlock has kept the economically ailing country from being able to issue international bonds at a time of falling central bank reserves.
Something like saying to the buitre, ‘Buzz(?) off’? Read the rest of this entry »