By: Rickard Ekstedt
Holdout creditor, NML Capital, rejected Argentina’s court-ordered payment plan on April 19, 2013. The payment plan would have given holdout creditors virtually the same deal that 92 percent of creditors took in 2005 and 2010 debt swaps. Read Jubilee USA’s statement below on how Argentina’s payment plan protects the global poor. This is the next step in the landmark case - a ruling by judges in the US 2nd Circuit Court of Appeals is imminent.