Cristina Kirchner

Paul Singer had an idea a while back: Let’s come up with a plan to destroy Argentina even more than we already have, have an elder stateswoman and a Spanish-speaking former U.S. Cabinet member transmit the threat, and watch Cristina Kirchner crawl to the negotiating table, $1.6 billion in tow. Well, things didn’t work out quite as planned: Instead of begging, President Kirchner got even more ornery than she already was. Long story short, Paul Singer has no need of Madeleine Albright anymore. Read more »

  • 09 Oct 2014 at 2:33 PM

Take Cristina Kirchner’s Word For It

She may be running out of dollars, and the new civil code her party just rammed through may technically allow it to pay its debts in its increasingly worthless currency. But she promises you that Argentina would never do something so underhanded as that. Read more »

It may not seem like Argentina needs another enemy right now, but it’s gone ahead and found one. The latest to be at fault for Argentina’s refusal to pay its bills? Germany. Surprising, I know, what with the Germans’ own long history of fiscal recklessness and inability to find traction in the international debt markets. Oh yea, and the fact that Argentina was kind enough to take in all of those troublesome Teutons back in the ‘40s and ‘50s; a little gratitude maybe would be in order? But it’s true: Germany has a “hostile attitude” towards Argentina’s plan to do whatever the hell it wants while still borrowing money on its terms. Read more »

Sure, its plan to offer investors the chance to exchange their New York-law debt for Argentine- or French-law debt is dead in the water. But when it comes to wholly symbolic acts in the name of the principle of not having to pay your debts, Argentina simply can’t help itself. Read more »

  • 21 Jul 2014 at 2:34 PM

Dan Loeb Pretty Sure Argentina’s Got This

Argentina has nine days to pay Paul Singer—or does it? Sure, a second default in 13 years will probably keep the country from tapping the international debt markets until President Cristina Kirchner’s son Máximo follows father and mother into the Casa Rosada in nine to 13 years or so. But who needs to make good on one’s commitments when one can just loudly proclaim that one has done so without actually doing so and then call on Xi Jinping and Vladimir Putin for a bailout? Read more »

Everyone, that is, except for President Cristina Fernandez Kirchner, for now. Read more »

Ex-IMF director Claudio Loser says that his fellow Argentines “have always thought that we are more clever than the rest of the world.” Unfortunately for President Cristina Kirchner, every single federal judge in the U.S. appears to disagree.

But Kirchner is undeterred: She’s got a new plan that involves saying one thing, running full-page ads proclaiming another, and playing for enough time to get out of the deals that she and her husband worked out with the suckers who took a 70% haircut not to then screw them over by making a better deal with the hedge fund monsters/negotiating partners, not defaulting, and then probably refusing to pay the holdouts anyway! Read more »