Debt Is Job One for the New Argentine Leader
There was no mystery about the top item on newly elected Argentine President Mauricio Macri's to-do list as he prepared to take office on December 10: make peace with the nation's disgruntle creditors. Macri, the center-right former mayor of Buenos Aires, won the presidency on November 22,...
Gespeichert in:
| Veröffentlicht in: | Bloomberg businessweek (Online) 2015-12, p.40 |
|---|---|
| Hauptverfasser: | , |
| Format: | Magazinearticle |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | |
|---|---|
| container_issue | |
| container_start_page | 40 |
| container_title | Bloomberg businessweek (Online) |
| container_volume | |
| creator | Van Voris, Bob Porzecanski, Katia |
| description | There was no mystery about the top item on newly elected Argentine President Mauricio Macri's to-do list as he prepared to take office on December 10: make peace with the nation's disgruntle creditors. Macri, the center-right former mayor of Buenos Aires, won the presidency on November 22, pledging to revive South America's second-biggest economy. Argentina defaulted on $95 billion in foreign debt at the end of 2001. After talks with creditors stalled, the nation faced lawsuits from bondholders seeking payment in federal court in New York, where a clause in the bond contracts allowed most of them to sue. For Macri, the political hurdle may be the most difficult one. He'll need Congress, where his party is in the minority, to repeal the law prohibiting officials from giving the holdouts better terms than were offered in the 2005 and 2010 debt swaps. |
| format | Magazinearticle |
| fullrecord | <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_miscellaneous_1753406686</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>3912393511</sourcerecordid><originalsourceid>FETCH-proquest_miscellaneous_17534066863</originalsourceid><addsrcrecordid>eNpjYuA0MjQz0jUzNY9gYeA0MDAw1zU3NDblYOAtLs4Ccg0sLEyNjAw5GXRcUpNKFDyLFbzykxT881IV0vKLFEoyUhX8UssVHIvSU_NKMoGiPqmJKalFPAysaYk5xam8UJqbQcPNNcTZQ7egKL-wNLW4JD43szg5NScnMS81v7Q43tDc1NjEwMzMwsyYBKUAViU2MA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>magazinearticle</recordtype><pqid>1753406686</pqid></control><display><type>magazinearticle</type><title>Debt Is Job One for the New Argentine Leader</title><source>EZB-FREE-00999 freely available EZB journals</source><creator>Van Voris, Bob ; Porzecanski, Katia</creator><creatorcontrib>Van Voris, Bob ; Porzecanski, Katia</creatorcontrib><description>There was no mystery about the top item on newly elected Argentine President Mauricio Macri's to-do list as he prepared to take office on December 10: make peace with the nation's disgruntle creditors. Macri, the center-right former mayor of Buenos Aires, won the presidency on November 22, pledging to revive South America's second-biggest economy. Argentina defaulted on $95 billion in foreign debt at the end of 2001. After talks with creditors stalled, the nation faced lawsuits from bondholders seeking payment in federal court in New York, where a clause in the bond contracts allowed most of them to sue. For Macri, the political hurdle may be the most difficult one. He'll need Congress, where his party is in the minority, to repeal the law prohibiting officials from giving the holdouts better terms than were offered in the 2005 and 2010 debt swaps.</description><identifier>ISSN: 0007-7135</identifier><identifier>EISSN: 2162-657X</identifier><identifier>CODEN: BWITEU</identifier><language>eng</language><publisher>New York: Bloomberg Finance LP</publisher><subject>Creditors ; Default ; Economic policy ; Macri, Mauricio ; Political parties ; Presidents</subject><ispartof>Bloomberg businessweek (Online), 2015-12, p.40</ispartof><rights>Copyright Bloomberg Finance LP Dec 14-Dec 20, 2015</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>776,780</link.rule.ids></links><search><creatorcontrib>Van Voris, Bob</creatorcontrib><creatorcontrib>Porzecanski, Katia</creatorcontrib><title>Debt Is Job One for the New Argentine Leader</title><title>Bloomberg businessweek (Online)</title><description>There was no mystery about the top item on newly elected Argentine President Mauricio Macri's to-do list as he prepared to take office on December 10: make peace with the nation's disgruntle creditors. Macri, the center-right former mayor of Buenos Aires, won the presidency on November 22, pledging to revive South America's second-biggest economy. Argentina defaulted on $95 billion in foreign debt at the end of 2001. After talks with creditors stalled, the nation faced lawsuits from bondholders seeking payment in federal court in New York, where a clause in the bond contracts allowed most of them to sue. For Macri, the political hurdle may be the most difficult one. He'll need Congress, where his party is in the minority, to repeal the law prohibiting officials from giving the holdouts better terms than were offered in the 2005 and 2010 debt swaps.</description><subject>Creditors</subject><subject>Default</subject><subject>Economic policy</subject><subject>Macri, Mauricio</subject><subject>Political parties</subject><subject>Presidents</subject><issn>0007-7135</issn><issn>2162-657X</issn><fulltext>true</fulltext><rsrctype>magazinearticle</rsrctype><creationdate>2015</creationdate><recordtype>magazinearticle</recordtype><sourceid/><recordid>eNpjYuA0MjQz0jUzNY9gYeA0MDAw1zU3NDblYOAtLs4Ccg0sLEyNjAw5GXRcUpNKFDyLFbzykxT881IV0vKLFEoyUhX8UssVHIvSU_NKMoGiPqmJKalFPAysaYk5xam8UJqbQcPNNcTZQ7egKL-wNLW4JD43szg5NScnMS81v7Q43tDc1NjEwMzMwsyYBKUAViU2MA</recordid><startdate>20151214</startdate><enddate>20151214</enddate><creator>Van Voris, Bob</creator><creator>Porzecanski, Katia</creator><general>Bloomberg Finance LP</general><scope/></search><sort><creationdate>20151214</creationdate><title>Debt Is Job One for the New Argentine Leader</title><author>Van Voris, Bob ; Porzecanski, Katia</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_miscellaneous_17534066863</frbrgroupid><rsrctype>magazinearticle</rsrctype><prefilter>magazinearticle</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Creditors</topic><topic>Default</topic><topic>Economic policy</topic><topic>Macri, Mauricio</topic><topic>Political parties</topic><topic>Presidents</topic><toplevel>online_resources</toplevel><creatorcontrib>Van Voris, Bob</creatorcontrib><creatorcontrib>Porzecanski, Katia</creatorcontrib><jtitle>Bloomberg businessweek (Online)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Van Voris, Bob</au><au>Porzecanski, Katia</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Debt Is Job One for the New Argentine Leader</atitle><jtitle>Bloomberg businessweek (Online)</jtitle><date>2015-12-14</date><risdate>2015</risdate><spage>40</spage><pages>40-</pages><issn>0007-7135</issn><eissn>2162-657X</eissn><coden>BWITEU</coden><abstract>There was no mystery about the top item on newly elected Argentine President Mauricio Macri's to-do list as he prepared to take office on December 10: make peace with the nation's disgruntle creditors. Macri, the center-right former mayor of Buenos Aires, won the presidency on November 22, pledging to revive South America's second-biggest economy. Argentina defaulted on $95 billion in foreign debt at the end of 2001. After talks with creditors stalled, the nation faced lawsuits from bondholders seeking payment in federal court in New York, where a clause in the bond contracts allowed most of them to sue. For Macri, the political hurdle may be the most difficult one. He'll need Congress, where his party is in the minority, to repeal the law prohibiting officials from giving the holdouts better terms than were offered in the 2005 and 2010 debt swaps.</abstract><cop>New York</cop><pub>Bloomberg Finance LP</pub></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0007-7135 |
| ispartof | Bloomberg businessweek (Online), 2015-12, p.40 |
| issn | 0007-7135 2162-657X |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1753406686 |
| source | EZB-FREE-00999 freely available EZB journals |
| subjects | Creditors Default Economic policy Macri, Mauricio Political parties Presidents |
| title | Debt Is Job One for the New Argentine Leader |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-05T11%3A11%3A55IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Debt%20Is%20Job%20One%20for%20the%20New%20Argentine%20Leader&rft.jtitle=Bloomberg%20businessweek%20(Online)&rft.au=Van%20Voris,%20Bob&rft.date=2015-12-14&rft.spage=40&rft.pages=40-&rft.issn=0007-7135&rft.eissn=2162-657X&rft.coden=BWITEU&rft_id=info:doi/&rft_dat=%3Cproquest%3E3912393511%3C/proquest%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1753406686&rft_id=info:pmid/&rfr_iscdi=true |