Argentinean President Cristina Fernandez(Getty Images )
Argentinean President Cristina Fernandez
(Getty Images )

Argentina: Heading for Another Bond Default

October 30, 2012  •  From theTrumpet.com
 

Argentina may soon stop paying its debts and stiff its creditors as President Cristina Fernandez de Kirchner tightens her grip on the economy.

Already Argentina stands accused of rigging its national inflation number, which allows it to underpay investors in its inflation-linked bonds. In 2001, Argentina fired its statisticians and began reporting inflation rates that consistently seemed low. Foreign mistrust was compounded by Argentina’s decision to seize control of Spanish-owned oil producer ypf sa earlier this year. This has impaired the nation’s ability to borrow money on the international market.

The rest of this article is available to Trumpet online account holders. Signing up is quick and free of charge with no obligation. To get started, please click the button below.
GoogleFollow Robert Morley on Twitter or e-mail him. You can read his past articles here.
Recent articles: