Public debt, a profitable business (for some) ...

[Christophe]

Who benefits from the debt?

https://www.youtube.com/watch?v=V28vk6DVE1k

(well done little video ... with Belgian accent and expressions)

Source: http://www.onveutsavoir.be

[moinsdewatt]

They roll the debt, as usual.

Argentina claims to have reimbursed the "vulture" funds

By latribune.fr | 22/04/2016

The country has "paid in full," said Michael Paskin, Argentina's lawyer. Buenos Aires raised a total of $ 16,5 billion in debt this week after signing its return to the international capital market.

In accordance with the agreement reached at the end of February to put an end to the long dispute over its debt, Argentina has repaid the "vulture" funds in full, its lawyer announced on Friday 22 April. "The Republic (Argentina) has paid in full," said Michael Paskin in a letter sent to the American judge in charge of this dispute born after the country's default in 2001.

The Argentinian government of center-right President Mauricio Macri, invested in December, has thus fulfilled the two conditions set by the American justice system to normalize its situation: the repeal of the law preventing the payment of "vulture" funds and their effective reimbursement. .

Nearly 9,3 billion dollars were to be paid to the "holdouts"

After reaching an agreement on February 29 with its main creditors, who refused any haircut on their debt securities, Argentina raised a total of $ 16,5 billion (14,7 billion euros) in debt this week . And this over a period ranging from three to thirty years with returns amounting up to 8%. As a reminder, it has been absent from the international capital market since its default of $ 82,3 billion in 2001.

The new Argentinian president Mauricio Macri has therefore yielded to the demands of the "holdouts", the holders of the non-restructured debt. This Friday, nearly $ 9,3 billion was to be paid to these funds with the proceeds of Tuesday's fundraising.

http://www.latribune.fr/economie/intern ... 66289.html