iPlayer Radio What's New?
Image for Argentina: Debt and default

Listen now 18 mins

Listen in pop-out player

Argentina: Debt and default

18 minutes
First broadcast:
Wednesday 13 March 2013

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.



  1. Image for BBC Business Daily

    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss