Argentina’s awkward anecdote
Only in Argentina could a finance minister claim that default on billions of dollars of bonds constitutes merely an “anecdotal date”.
Argentina will likely default on May 22, when the grace period expires on $503m of coupon payments; neither issuer nor investors mind much and few expect creditors to accelerate.We are therefore to suppose that default is not the key event, but simply a cheery anecdote for Martín Guzmán ...
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