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Argentina, Vulture Funds, and the American Justice System

Matías Vernengo

Challenge, 2014, vol. 57, issue 6, 46-55

Abstract: An Argentine financial crisis may not be avoidable, but that does not make it right—or good for the world economy. The decision by a lower court that insists Argentina pay debtors fully undermines how the game of debt has to be played. The United States, says the author, is siding with high finance and makes raising money harder for developing countries.

Date: 2014
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DOI: 10.2753/0577-5132570604

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