3 ms·
They can not like it all they want, the judge enforced the law. Since there was no clause to force restructuring in the original bonds and there was a clause to
by sseveran 12y ago
They can not like it all they want, the judge enforced the law. Since there was no clause to force restructuring in the original bonds and there was a clause to prevent any bond holders from getting a better deal then the restructured bonds, Argentina was left with no option but to pay the original debt. The issue is entirely one of their making.
- pessimizer 12y agoThe judge didn't enforce the law, the judge interpreted the law, and could have just as easily interpreted it in a way that you didn't agree with.
- sseveran 12y agoIt turns out that is what judges do. When there is a disagreement about the terms of a contract a judge or jury has to decide what to do.