But Goldman Sachs says it’s okay.

Argentina will probably cure the default in the next few days if an accord is reached, according to Goldman Sachs Group Inc. “An Argentina default is expected to be short-lived at this point and shouldn’t have any major implication for the country,” said Mauro Roca, a senior Latin America economist at Goldman Sachs in New York. “There’s the expectation that a deal with holdouts will be worked out soon.”

S&P Downgrades Argentina to Selective Default [WSJ]
Argentina Defaults According to S&P as Debt Talks Continue [Bloomberg]
What Happens Now That Argentina Is in ‘Selective Default’ [BusinessWeek]

4 comments (hidden to protect delicate sensibilities)
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Comments (4)

  1. Posted by It's full of stars | July 30, 2014 at 6:17 PM

    I think she can get five fully engorged ones in there.

  2. Posted by Puck It | July 31, 2014 at 3:58 PM

    No and no.

    —guy who isn't anywhere near that desperate

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