Obama’s Troubling Acceptance Of Argentina’s Sovereign Default
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Obama’s Troubling Acceptance Of Argentina’s Sovereign Default
“Argentina has felt free to flout international financial norms and stiff its creditors for years. When the U.S. government sides with Argentina against those creditors, you can be sure that financial officials in Dublin and Athens as well as Lisbon, Rome and Spain all take keen notice. The Obama administration must reaffirm America’s commitment to the sanctity of contract. And U.S. courts would be best served by not letting misguided policy arguments influence the rule of law.”