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News:


A Sovereign Debt Story – Argentina vs NML Capital

Online Publication Date: 09 June 2014
The early 1980s saw developing countries – Argentina being one of them – restructuring their economies by way of deregulating their financial sectors and integrating with global markets.

As Geneva-based economist T Sabri Öncü recounts points out in this 17 May, 2014, article in the New Delhi-based ‘Economic & Political Weekly’, however, the policy shifts taken by Argentina beginning in the mid-1970s rendered the economy highly vulnerable to changes in the international arena, and has taken the country from crisis to crisis, up to the present legal pressure the country faces from US holders of old Argentine debt.

A country needs to be very careful, Öncü concludes, when reorganising its economy into a free market and integrating it with global financial markets.




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