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The Gringo’s Guide to the Argentine Holdout Crisis
Argentina is barreling towards a judgment day on its outstanding international debt. If the issue is not resolved by July 30, the country could be forced into default. “So, what else is new?” I suspect many readers are muttering to themselves. This is part of the problem. The case is extremely complicated, living in rarefied air where high finance meets international law. It’s safe to say that certain New York lawyers have made a stupendous amount of money litigating this case. Meanwhile, in the court of public opinion no one can quite figure out what is going on and most just assume that the Argentine ... (full story)