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4 September 2014, Yale Global Online

Washington and the Argentine Default

Ambassador R. Viswanathan's article on the Argentine default for Gateway House was republished by the Yale Global. Ambassador Viswanathan is Distinguished Fellow, Latin American Studies at Gateway House

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Argentina wants to pay bondholders who agreed to a restructuring settlement and withhold full payment to a few holdouts, but a US judge ruled that all or none must be paid. “Argentina has now taken the matter to the International Court of Justice, complaining that the decision of the U.S. judiciary is arbitrary, abusive, and beyond its jurisdiction besides ignoring the sovereign immunity of Argentina and hindering the sovereign debt restructuring process.