Argentina is on course for a technical default on its government borrowing on Friday as the country continues to hold talks with international investors over plans to restructure its debts.
Source: Loan Digest (loandigest.net)
I suspect a 'Hand of God'!
The answer is simple: austerity. But instead, they want to live outside their means and it's costing them. All Argentine bonds will be essentially worthless until the government commits to reducing spending.
If theres one certainty in life, other than death & taxes, its Argentina defaulting on its debt.
Why does it matter? This is the ninth time. Yet idiot “professional” money managers will buy the next bond offering they make. Truly amazing.
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