Argentina’s spreads spike on latest move in debt tango

Tuesday, June 17, 2014

US supreme court rules against Argentina, but president vows not to succumb to “extortion” 

TAGS: Emerging markets Distressed debt

Comment by: Anonymous. Posted 9 years ago [2014-06-18 07:56:50]

One characteristic I admire in financial people is that they know when to admit defeat, cut their losses, and sell a bad position. There's a South American politician who needs to learn this lesson. Pay the $1.5 billion and move on.

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