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Economy

Alexander Of Assyria

(7,839 posts)

3. Western bond holders...trying to cash in a windfall...good thing not China!

Reply to peppertree (Reply #2)

Mon Aug 14, 2023, 05:35 PM

Aug 2023

American investment corporation BlackRock, the world's largest asset manager, has been negotiating with the Argentine government on behalf of three different creditor groups to which Argentina reportedly owes more than half its overseas debt.

The three creditor groups are known as the Ad Hoc Group of Argentine Bondholders, the Exchange Bondholder group and the Argentina Creditor Committee. The negotiations have been over the restructuring of around $65 billion in debt which the Argentinean state owes to these and other bondholders.

Total foreign debt…near $400 billion…can’t print their out like America…

https://www.dw.com/en/argentinas-debt-restructuring-deal-explained/a-54432373

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Argentina raises interest rate, devalues peso after shock primary election [View all] peppertree Aug 2023 OP

Debt traps, old as the world bank. Alexander Of Assyria Aug 2023 #1

And in Argentina's case, it all traces back to the last dictatorship in the early '80s peppertree Aug 2023 #2

Western bond holders...trying to cash in a windfall...good thing not China! Alexander Of Assyria Aug 2023 #3

Excellent recap. Thank you. peppertree Aug 2023 #4