Friends,
Argentina defaulted. But that's just the beginning.
Because of the Supreme Court's decision in June, vulture funds are equipped with a new tool to force some of the world's poorest countries into submission. Two of the first two countries that could be impacted are Grenada and the Democratic Republic of the Congo, which have related cases in New York courts.
At Jubilee USA, we are already working on a variety of ways to stop this predatory behavior. We continue to be a part of the global conversation on this story, from the Macon Telegraph to the Wall Street Journal, from the Sacramento Bee to Businessweek and the International Business Times. Due to Jubilee's intensive and round the clock media efforts, even in stories that don't quote Jubilee, we've transformed how the mainstream media is telling this story.
Here's a sampling of Jubilee's views and our media coverage from the past few days:
National Public Radio's Marketplace:
Vultures show Argentina no mercy (July 31)
What happens if Argentina defaults? (July 29)
International Business Times:
S&P Declares Argentina in Default as Final Talks Fail (July 31)
Congo and Grenada to Be Next Victims as Argentina Braces for Default (July 30)
Bloomberg Businessweek:
Argentina’s Default and the Melodramatic Cult of Evita (July 31)
Wall Street Journal:
Argentine Bond Standoff Puts U.S. Judge in Focus (July 29 and July 30)
Miami Herald, Charlotte Observer, Wichita Eagle, US Web Daily, Sacramento Bee, Macon Telegraph, Modesto Bee, World News Network:
Argentina is declared in selective debt default after talks fail (July 31)
Sacramento Bee, Centre Daily Times, Miami Herald, Modesto Bee, Charlotte Observer, Macon Telegraph, The News and Observer, Columbus Ledger-Enquirer, Fresno Bee, Bradenton Herald, Wichita Eagle, Fort Worth Star Telegram, Belleville News Democrat, Merced Sun Star:
Argentina is declared in selective debt default after talks fail (July 30)
The Guardian:
Argentina hits back over default as stock market slides (July 31)
Commonweal:
Cracking the 'priesthood' of people who speak money (July 31)
World Finance:
Don’t cry for d(efault) Argentina (July 30)
Nearshore Americas:
Argentina Defaults on Debt and Inches Closer to Economic Crisis (July 31)
Common Dreams:
Argentina in Default as 'Vulture Funds' Demand 'Predatory Payment' (July 31)
Value Walk:
ISDA Makes It Official: Argentina In Default (Aug 1)
Nations Watch Argentina As IMF Likely to Scold US Courts (July 30)
Het Financieele Dagblad:
Argentijns bakroet is juridisch wespennest (August 1)
Die Welt:
Greiser US-Richter Spielt Schicksal fur Argentinien (July 30)
Wall Street Journal Americas - La Nacion:
En Su Pelea Con Los Fondos, Argentina Encuentra En El Juez A Su Villano Favorito(July 30)
Wall Street Journal Portuguese:
Divida Argentina Coloca Juiz Dos EUA Sob Holofotes (July 30)
Thank you for your continued suppport.
Best,
Eric LeCompte
Executive Director