Argentina
Argentina debt default: Gregory Makoff book excerpt on Judge Thomas Griesa
Argentina is famous for its defaults, financial crises, and habit of getting stuck in litigation in U.S. courts. But one episode stands above the rest.
Argentina is famous for its defaults, financial crises, and bad habit of getting stuck in messy litigation in the U.S. courts. Of its many defaults over the last 200 years—nine and counting, the bond market pricing in a high probability of yet anothe... [14706 chars]