Argentina s Sovereign Bondage

Argentina s Bumpy Ride

Argentina s Iranian Tango

Under the court order, Argentina may not pay the holders of the new bonds unless it also pays the holdouts, and no US financial institution can serve as an intermediary to make payments for Argentina. As a result, Argentina must either pay the holdouts in full or default on the new bonds.

This is the country that scholars study when they want to understand financial crises.

Again and again, local and international economists have issued dire warnings about what would happen if it persisted in its heterodoxy. And yet Argentina has managed to grow fast, doubling per capita income since 2002.

Investors looking to do business in Argentina have long been issued similar warnings.

The question making the rounds in Argentina nowadays is whether this period of plenty is coming to an end. You would not feel any such anxiety in Buenos Aires shopping malls, which are as crowded as ever.

This is a photograph by the artist Michael Najjar, and it's real, in the sense that he went there to Argentina to take the photo.

But, then again, one should take all economic forecasts about Argentina with a grain of salt. In the decade since the last crisis, Argentine policymakers have broken almost every rule in the economic policy playbook.

What saved Argentina over the last decade were highly favorable external conditions sky high global commodity prices and technological innovations that greatly increased farm yields.

My father helped those who resisted dictatorships in the Dominican Republic, Haiti, and then it was the turn of Brazil, Argentina, Venezuela, El Salvador, Nicaragua, Colombia, Peru, Uruguay, Chile and Mexico.

My work also has allowed me to collaborate with women cartoonists from across the world countries such as Saudi Arabia, Iran, Turkey, Argentina, France and we have sat together and laughed and talked and shared our difficulties.

Latin America The forum Intermaniacos shares great Latin American Christmas dishes Hallacas from Venezuela, Colombian buñuelos con natilla, vitel toné from Argentina, tamal de puerco from México and Peruvian panetón.

Itau, Latin America s largest bank, is predicting GDP growth in Argentina of only 3.2 next year, down sharply from 6 in 2011.

One such issue was the so called Free Trade Area of the Americas, which was proposed by former US President George H.W. Bush in 1990, and then collapsed at the Mar del Plata summit in Argentina in 2005.

WASHINGTON, DC Sovereign debt has been back in the news recently, this time because of a United States Supreme Court ruling concerning Argentine debt. As a result of the ruling, a complicated issue is likely to become even more so.

After a period of calm that has now lasted a decade, dire economic warnings are back. Forecasts for the world economy are turning pessimistic, and economists in export dependent Argentina are finding much to worry about.

The US Second Circuit Court of Appeals ruled that Argentina was bound to honor its obligations to the holdout bondholders in the same proportion (namely 100 ) as the holders of the exchange bonds. It was that ruling that the Supreme Court recently upheld.

Fernández chose the latter, which will only serve to deepen her unpopularity. Her absence from Argentina s World Cup final match against Germany was not surprising boos directed at her by the Argentine fans would have been the tournament s only certainty.

But the underlying dynamic will not disappear overnight, and no one should be fooled by waning support for populist governments in Argentina and Venezuela. As new political and economic challenges emerge at home and abroad, the populist cycle may well begin again.