The chart that finally has Argentina talking to the "vulture funds"
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Argentina says that next week it will finally negotiate with creditors who refused a forced restructuring more than a decade ago. The proximate cause is this week’s US Supreme Court decision that would make it impossible for the country to avoid paying these “hold-outs” when it pays other creditors who did agree to take a haircut on the debt they hold. If the country doesn’t pay up by June 30, it will go into default.
To see what that means for Argentinians, look to the chart above: Read more [...]