U.S. destroying the international market suvernog debt | Vestinet.rs
The United States, following the decision deckle of the U.S. Court of Appeal that Argentina deckle must pay the whole Wall Street speculators with the amount of its previously restructured debt, on their way to overthrow the existing international markets follows sovereign debts, assesses Nobel laureate Joseph Stiglitz.
Speculators from Wall Street now bought Argentine debt to total value of approximately four billion, investing in the business, only 30 percent of that sum, and now the government in Buenos Aires claimed that they Thisvideo sum payment of debt.
Such a decision is, according to economists relied on by the portal deckle Finmarket, high judicial authority in the United States enacted a "historic decision" which, while Štiglic deckle says that this decision will have a "destructive effect on the total world market of sovereign debt."
Štiglic says it has to be acknowledged and objective fault-major debtor countries for the outbreak of the crisis, but in the opinion of the famous American economist, deckle no major international creditors can not run away from their roles and responsibilities.
"They (lenders) are given loans at a large scale and often carelessly, although it should be carefully odmere deckle risks. And because the lenders have a responsibility in such matters, ought to pay a certain price for such behavior, "said Štiglic.
History of the sovereign debt of Argentina deckle started, otherwise, 12 years ago. Then the Latin American country faced a deep financial and economic crisis after years of liberal reforms, according to the recipes of the IMF, has gone through a complete breakdown, and the national debt has exceeded the sum of 100 billion dollars.
Argentine Minister of Finance and Economy Domingo Kavaljo started in early 1990s, and as recommended by the IMF, ošre economic deckle reforms that, among other things, imply the binding of the national currency to the U.S. dollar, deckle while foreign investors are exempt from various taxes and other levies. deckle
For several years, the implementation of such economic policy has proved highly problematic, because the international competitiveness of products from Argentina declined sharply, and the government has practically left without any leverage in managing monetary system which is, in fact, was ruled by the IMF.
Bankruptcy in the case of Argentina proved to be a good move, and the country until the outbreak of the great global financial crisis had a very high average economic growth of around eight percent deckle per year, while debt restructuring is performed so as to their old debt securities paying only 30 percent of nominal values.
The process of debt repayment in this way, however, is disrupted when a group of American speculators from Wall Street, primarily clustered in the hedge-fund Elio management, managed by billionaire Gender Singer, decided to realize large profits by trading debt not only Argentina, but also other of highly deckle Latin American countries.
After a major economic crisis in Argentina, there were suggestions to achieve a global agreement on the method reglisanja sovereign state debts, but that arrangement because of opposition from the Washington administration failed, so opened the way to get into such disputes, when it comes to the interests of investors from the United States , intervene and American court.
LATEST NEW TREATMENT KILLS CANCER CELLS LIKE common cold "Give us the asylum, here you Gendarmerie" Montenegrin karsts: Passengers changed three planes to Vienna Kidnap Serbian land and property with the consent of the European deckle Union Who you secretly viewed from your camera to the computer?
The United States, following the decision deckle of the U.S. Court of Appeal that Argentina deckle must pay the whole Wall Street speculators with the amount of its previously restructured debt, on their way to overthrow the existing international markets follows sovereign debts, assesses Nobel laureate Joseph Stiglitz.
Speculators from Wall Street now bought Argentine debt to total value of approximately four billion, investing in the business, only 30 percent of that sum, and now the government in Buenos Aires claimed that they Thisvideo sum payment of debt.
Such a decision is, according to economists relied on by the portal deckle Finmarket, high judicial authority in the United States enacted a "historic decision" which, while Štiglic deckle says that this decision will have a "destructive effect on the total world market of sovereign debt."
Štiglic says it has to be acknowledged and objective fault-major debtor countries for the outbreak of the crisis, but in the opinion of the famous American economist, deckle no major international creditors can not run away from their roles and responsibilities.
"They (lenders) are given loans at a large scale and often carelessly, although it should be carefully odmere deckle risks. And because the lenders have a responsibility in such matters, ought to pay a certain price for such behavior, "said Štiglic.
History of the sovereign debt of Argentina deckle started, otherwise, 12 years ago. Then the Latin American country faced a deep financial and economic crisis after years of liberal reforms, according to the recipes of the IMF, has gone through a complete breakdown, and the national debt has exceeded the sum of 100 billion dollars.
Argentine Minister of Finance and Economy Domingo Kavaljo started in early 1990s, and as recommended by the IMF, ošre economic deckle reforms that, among other things, imply the binding of the national currency to the U.S. dollar, deckle while foreign investors are exempt from various taxes and other levies. deckle
For several years, the implementation of such economic policy has proved highly problematic, because the international competitiveness of products from Argentina declined sharply, and the government has practically left without any leverage in managing monetary system which is, in fact, was ruled by the IMF.
Bankruptcy in the case of Argentina proved to be a good move, and the country until the outbreak of the great global financial crisis had a very high average economic growth of around eight percent deckle per year, while debt restructuring is performed so as to their old debt securities paying only 30 percent of nominal values.
The process of debt repayment in this way, however, is disrupted when a group of American speculators from Wall Street, primarily clustered in the hedge-fund Elio management, managed by billionaire Gender Singer, decided to realize large profits by trading debt not only Argentina, but also other of highly deckle Latin American countries.
After a major economic crisis in Argentina, there were suggestions to achieve a global agreement on the method reglisanja sovereign state debts, but that arrangement because of opposition from the Washington administration failed, so opened the way to get into such disputes, when it comes to the interests of investors from the United States , intervene and American court.
LATEST NEW TREATMENT KILLS CANCER CELLS LIKE common cold "Give us the asylum, here you Gendarmerie" Montenegrin karsts: Passengers changed three planes to Vienna Kidnap Serbian land and property with the consent of the European deckle Union Who you secretly viewed from your camera to the computer?
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