posted on Mar, 29 2013 @ 08:45 PM
Argentine defiance in appeal of $1.4 billion debt ruling aims at unlikely Supreme Court win
With just hours to go before Argentina has to show its last cards in a billion-dollar debt showdown in the U.S. courts, President Cristina
Fernandez seems to be keeping up her "we're going for more" motto. Her government is reportedly preparing a response that analysts say could lead
the country into another catastrophic default.
Well, with Europe facing continuing problems, the US ever increasing deficit at about 16+ trillion, countries around the globe talking about
implementing the Cyprus template here is another piece of bad news. (I just found out that Canada has a Cyprus type statement in our new budget)
I am amazed that all these events haven't finally thrown us off the fiscal cliff. But if Argentina does default, will it be the event that causes a
global financial meltdown?