Axel Kicillof

Not holding his breath.Argentina’s economy minister has bad news for those of us enjoying every minute of the country’s ridiculous default: It’ll probably be over next year, when “the instruments that the vulture funds have used for extortion,” a.k.a. the bludgeon Argentina gave them with which to hit it, a.k.a. the rights against future offers clause whose violation might or might not lead to Argentina’s disappearance from the map or something, expires. Read more »

The saintly Daniel Pollack will try to parse just how everyone wants to proceed once the rights against future offers clause Argentina’s been hiding behind is no more. For now, however, everyone wants to proceed exactly as they have been proceeding. Read more »

That way, the next time the Argentine economy minister/negotiator extraordinaire gets huffy about why Barack Obama doesn’t just fire U.S. District Judge Thomas Griesa, or take a page from a previous Argentine regime and make him disappear or something, he can just look “separation of powers” up in the index and turn to the relevant page. We recommend dog-earing it. Read more »

  • 26 Jun 2014 at 12:48 PM

Surprise: Argentina Has A Caveat!

The uniquely recalcitrant debtor is happy—eager, even—to chat with Paul Singer and friends about resolving their little situation, Economy Minister Axel Kicillof says. Not eager enough for Kicillof to stick around for a couple of days to chat, but all the same.

Oh yea, and one more thing: Ignore all of the above if a judge won’t give Argentina the stay it needs to pay some of its bills and not default on Monday. Read more »