Already on borrowed time, Argentina is on the brink of its ninth sovereign default

[tacobell fan]

Argentina is highly likely to slip into default this month, analysts say, as it enters a critical period of make-or-break talks with international creditors.

• Argentina’s government submitted a proposal to restructure $65 billion of its foreign debt last month. The offer, which expires on Friday, has already been rejected by a group of major asset managers.
• Separately, a grace period for a $500 million group of interest payments on three foreign bonds is set to end on May 22.
• If no deal is reached and payment is not made, this could see Argentina fall into default for the third time in just two decades.

[TechAdvice]

65B is not huge amount.. country might be going thru rough times.

[tacobell fan]

Just now, TechAdvice said:

65B is not huge amount.. country might be going thru rough times.

Argentina population is just 44 Million and 65 B is a huge amount for a country like that. 

[FLraja]

16 minutes ago, TechAdvice said:

65B is not huge amount.. country might be going thru rough times.

its smaller than TG , imagine tg having debts of 65b=500thousand crores worth of 10 yrs budget

[Michaelbarbosa]

seems like argentina didn't learn the lesson from previous experience. 

[TrollBait]

18 minutes ago, Michaelbarbosa said:

seems like argentina didn't learn the lesson from previous experience. 

what experience? argentina is living experience that global economy is a ponzi scheme that is rigged to benefit the US, with a new competitor China trying to catch up. nothing more.

pretty sure there won't be as many articles on argentina's failure, as many as were written for Venezuela. Because argentina's failure is the failure of US model, in simple terms.