VOICED : Kirchner propone pagar deuda en Argentina

VOICED : Kirchner propone pagar deuda en Argentina

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Interactive Video

Business, Social Studies, History

9th - 12th Grade

Hard

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The Argentine government, led by President Cristina Kirchner, proposes paying its restructured debt to bondholders within Argentina due to a US court ruling blocking payments in the US. The proposal involves changing payment agents to Banco Nación in Buenos Aires. The US court, led by Judge Tomás Griesa, ruled that Argentina must pay certain hedge funds in full before paying restructured debt holders, a decision Argentina disputes. This has led to a selective default declaration by credit agencies. Kirchner plans to make the next debt payment through a trust in Buenos Aires if Congress approves.

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3 mins • 1 pt

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