Argentina Defaults - Kirchner Cries Foul Over 'Vulture Funds'
Is Argentina being held hostage by greedy speculators or populist politicians? Latin America's third largest economy is once again on the brink after the government failed to reach a deal with a small minority of bond holders who rejected the terms of the last default in 2001. The country's fate is being decided in New York because the debt was issued in dollars. How can these so-called 'vulture funds' be rewarded for piling on the pain when Buenos Aires has since honoured its commitments?
Our guests:
Alexandre KATEB Economist and Strategic Advisor
Eduardo CUE
Costas LAPAVITSAS Professor of Economics at the School of Oriental and African Studies (SOAS)
Carlos WINOGRAD Argentinian Former Secretary of State for Competition, Deregulation and Consumer Affairs (1999-2002)
Is Argentina being held hostage by greedy speculators or populist politicians? Latin America's third largest economy is once again on the brink after the government failed to reach a deal with a small minority of bond holders who rejected the terms of the last default in 2001. The country's fate is being decided in New York because the debt was issued in dollars. How can these so-called 'vulture funds' be rewarded for piling on the pain when Buenos Aires has since honoured its commitments?
By François PICARD
Our guests:
Alexandre KATEB Economist and Strategic Advisor
Eduardo CUE
Costas LAPAVITSAS Professor of Economics at the School of Oriental and African Studies (SOAS)
Carlos WINOGRAD Argentinian Former Secretary of State for Competition, Deregulation and Consumer Affairs (1999-2002)