Bondholders are overestimating the risk that Greece will seek additional debt forgiveness or leave the euro after the country carried out the largest restructuring in history, said Domingo Cavallo, who led Argentina’s efforts in 2001 to avoid what would become a record sovereign default.
The man known as Miguelito has provided soda and coffee to 41 Argentine economy ministers since 1965. He waited on three-time President Juan Peron and Domingo Cavallo , who as minister oversaw a 2001 default on $95 billion in bonds, the biggest ever.
Colombia’s central bank may boost dollar purchases and take other steps to check a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.
Colombia’s peso fell to a one-week low on speculation the government will take additional measures to ease the currency’s world-beating rally as President Juan Manuel Santos meets today to discuss options to stem its gains.