With a high debt and no access to international credit, Argentina is yet again experiencing the default shadow, according to information released by foreign banks last week through the local press. “Markets are beginning to ask themselves if the country is on the brink of yet another default”, as stated by a Lehman Brothers circular, under the title of “Argentinean Roller Coaster”. In its last report, Morgan Stanley stated that the country’s high public expenditure annuls increases in income (Folha).



Hi! I´m trying to get the report that you refer to, but i can´t find it on the web. Do you know where can I find it? Thanks a lot,
Maximiliano
By: Maximiliano on August 27, 2008
at 3:09 pm