Bravo to Livio Di Matteo on his article comparing Ontario to Argentina (Economics Matters — CJ, June 15). Why can’t we have people like him running the finances of this province? With all the increased taxes and other forms of revenue this government is unable to make a timely effort to balance the books. When gross debt is 40 per cent of GDP, debt of $12 billion a year and increasing, it is time for us all to evaluate what the provincial priorities should be. Heaven help Read more [...]

The funds bought Argentinian sovereign debt on the cheap after its famous 2001 default in the hope of forcing the country to pay them back in full. Since then, other private bondholders – most of whom were long term lenders prior to the default - have accepted part repayment of their loans, agreeing to be repaid about a third of what the country owes them.However, the Aurelius and NML-led bondholders, which represent only around 7 per cent of Argentina’s bonds, have repeatedly demanded that Read more [...]

The Iran head coach, Carlos Queiroz, has hailed his players after they opened their FIFA World Cup campaign against Nigeria in Group F with a goalless draw The team now has a point, same as Nigeria, and moves to the second position in Group F behind Argentina who has three points after defeating Bosnia 2-1. The Iranians, seen by many as the underdogs, had the best chance in Curitiba when Reza Ghoochannejhad forced a fine save out of Nigerian goalkeeper, Vincent Enyeama, in the 33rd minute. The former Read more [...]