Debt restructuring in review if Argentina defaults: IMF (29)

ZeeNews 2014.07.29 23:51
Washington: The mechanisms allowing a country to restructure its sovereign debt should be "reviewed" if Argentina defaults, IMF chief Christine Lagarde said Tuesday. Under a US court order, Argentina faces a Wednesday midnight deadline to pay certain hedge funds demanding full payment on defaulted bonds or risk being declared in default. If that happens, "the debt restructuring principles and the efficiency of
ARGENTINA, DEFAULT, BONDHOLDER, CREDITOR, VULTURE, DEBT, Griesa, Singer, Pollack, M L Capital Ltd., AR, USA, Paris