@7 " people should be allowed to go bankrupt"
One must first understand the concept of bankruptcy, which the KepiTroll clearly does not. As indicated previously, there are in most civilised juridictions provisions for bankruptcy for people. But there is no provision for bankruptcy for nations. Even if there were, Argentina would doubtlessly elect to not follow the rules unless the outcome were uniquely favourable to Argentina, just as Argentina has done on other occasions involving judicial matters in which it says it will only abide by favourable outcomes. Thus there is no utility in providing for the equivalent of a bankruptcy mechanism which might involve Argentina, or for that matter any other sort of expectation of respect for law involving Argentina.
@7 " no rights for the borrower"
The borrower's rights were spelt out in the bond contracts and in the prevailing law of the jurisdiction in which Argentina elected to sell its debt without the appropriate protections for orderly restructuring. Argentina was fully aware of its rights and obligations and willfully elected to chose the worst courses. Ultimately there are consequences for doing the wrong thing over and over again.
@7 " why are the still interest rates? "
Please refer to Economics 101 and the concept of " time value of money." In fact, have someone explain it to you and Kicillof in monosyllabic terms.
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