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Banksters refuse to take haircut on Argentina debt, forcing default
Argentina will probably default shortly on its debt. Wall Street vultures bought Argentina debt cheap and refuse to negotiate or make concessions, even though the vast bulk of creditors have. The vultures want 100% payment. Argentina can’t afford that. Worse, if Argentina pays the holdouts at 100%, a clause in the contracts means that have to … Continue reading Banksters refuse to take haircut on Argentina debt, forcing default