The burgeoning pro-democracy, anti-Trump movement known as 50501 expects to drive tens and possibly hundreds of thousands to protest in 1,000 cities and towns on Saturday.
Sovereign Debt Restructuring Mechanism
Follow:
-
Extortion in Argentina: Odious Debt Is Pillaging the Nation into Bankruptcy
The lesson is this: if creditors know that a few holdout vultures can trigger a default, they're unlikely to settle with other insolvent nations in the future.