Argentina’s Default: A Not-So-Illogical Move

Argentina failed to reach an agreement with its holdout creditors last week, defaulting on its debt for the second time in thirteen years. In this piece for Foreign Policy, I explain why this outcome is not so surprising. You can read the beginning of the piece below:  On July 30, Argentina defaulted on its outstanding debt. The technical […]

Argentina Defaults: The Day After

Argentina has defaulted. The long-running court drama that ran for over ten years and pitted Argentina against a small group of holdout creditors was decided decisively in favor of the holdouts in June, and Argentina subsequently refused to make payments as required by the courts. As a result, neither the holdouts nor the holders of […]

Argentina Wins/Loses

Argentina won an important contest last night at the World Cup, on a fine Messi goal.  However, while I’m a firm believer that nothing is more important than football, Argentina’s loss at the U.S. Supreme Court this morning may have larger long-term consequences. Without comment, the court rejected Argentina’s appeal of an earlier lower court […]