It takes more than two to tango: Cry, but not for Argentina, nor for the holdouts

Frankel, Jeffrey. The US court ruling forcing Argentina to pay its hold-out creditors has big implications. This column argues that some of them are particularly worrying. The court ruling undermines the possibility of negotiated re-structuring of unsustainable debt burdens in future crises. In the future, it will not be not enough for the debtor and […]