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Business Daily - Argentina: Debt and default

Is Argentina about to go bust? A US court ruling on its debts could have serious implications not just for Argentines, but for countries everywhere, struggling to pay their debts.

Is Argentina about to go bust? The Latin American giant has been struggling with inflation, and a trade imbalance, but most of all, the ruling of a New York judge, who says it has to pay creditors from an earlier default in full. An appeal court decision is due in the US later this month. We hear from Alan Cibils, Professor of Political Economy at General Sarmiento National University in Buenos Aires, on what Argentina is likely to do in response and from the country's former central bank governor, Mario Blejer, who says that forcing countries to honour past debts could have serious implications for other economies, like those in the eurozone, who may have to default in the future.

  • Broadcast on BBC World Service, 11:32PM Wed, 13 Mar 2013
  • Available until 12:00AM Thu, 1 Jan 2099
  • First broadcast BBC World Service, 8:32AM Wed, 13 Mar 2013
  • Categories
  • Duration 18 minutes

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