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ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.

 
Strongman Shelford
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User ID: 56698010
Argentina
07/22/2014 10:04 PM
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ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
just in.
Judge Thomas Griesa is not allowing a full payment on current bonds. TECHNICAL DEFAULT is coming.


Judge Thomas Griesa today rejected another appeal for a stay by Argentina as the country seeks to avoid falling into default in the ongoing dispute over debt payments to holdouts, led by vulture funds.
At a hearing with banks and lawyers in New York, Griesa ordered both sides engage to “work “continuously” to reach a settlement before 30th July, the deadline to pay holders of restructured bonds.
The judge determined that a stay, which would allow Argentina to meet its obligations to those bondholders while continuing to negotiate with the holdouts, was not necessary for an agreement to be reached before the end of the month. Last month Griesa blocked the US$539mn payment in question after Argentina deposited the funds in the Bank of New York Mellon.


more:

[link to www.argentinaindependent.com]


now read this one:
[link to www.ambito.com]

and google translation

Griesa refused to replenish and stay Argentine lawyers warn that there will be no agreement before 30

( no agreement before july 30 means default guys...)

[link to translate.google.com (secure)]

Last Edited by Strongman Shelford on 07/22/2014 10:06 PM
Strongman is back. Economic disinfo won´t be tolerated.
Opinions from the latin bank analyst who has already been in hyperinflation, bank meltdown, BANk runs... and economic SHTF ...several times.
Founder of www.silvertardsweride.com
Anonymous Coward
User ID: 60602916
Argentina
07/22/2014 10:16 PM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
should be fun
Anonymous Coward
User ID: 57048467
Argentina
07/23/2014 04:31 PM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.


cattheendcatagreed

Welp, i guess this is it. Back to 2001, i guess.
This is what happens when you let populists rule.

violinuhohahhhzombiessiren2
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United Kingdom
07/23/2014 05:01 PM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.


 Quoting: Anonymous Coward 57048467


cruise

silvervega
if I only knew

User ID: 410640
United States
07/23/2014 09:49 PM

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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
thank you. spider for me
On the other hand, I have different fingers.
Anonymous Coward
User ID: 57048467
Argentina
07/25/2014 09:34 AM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
4 Days for default. Omg, 2001 is definitely going to happen once again. Get ready, dark days are coming.

uhohdynamiteahhhhidingkimdowtcwy
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User ID: 60724352
United States
07/25/2014 09:34 AM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
good, socialist shithole. hopefully someone nukes it.
Anonymous Coward
User ID: 57048467
Argentina
07/25/2014 10:11 AM
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Re: ARGENTINA HEADING TO TEMPORARY DEFAULT IN 7 DAYS.
good, socialist shithole. hopefully someone nukes it.
 Quoting: Anonymous Coward 60724352


What do you have against its people?
Some of us hate socialism as much as you do.

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