Argentine President Cristina Fernandez de Kirchner ruled out complying with a U.S. court order that holders of defaulted bonds be repaid in full. Here’s how former government officials in the country say her words, delivered in a nationwide speech last night, should be interpreted.
After 11 years of relying on consumption to drive its economy, Argentina must focus on attracting investment, said two economic advisers to the man bidding to be the ruling party candidate in next year’s presidential election.
Argentina’s attempts to repair its standing internationally show the nation wants to tap overseas bond markets for the first time since a $95 billion default in 2001, according to former central bank governor Mario Blejer.
Mario Blejer, who managed Argentina’s central bank in the aftermath of the world’s biggest sovereign default, said Greece should halt payments on its debt to stop a deterioration of the economy that threatens the European Union.
Acting Bank of Israel Governor Karnit Flug, passed over twice for the central bank’s top job, was nominated for the post today in a bid to wrap up a bungled selection process that’s left the institution without a permanent chief since June.