Argentinas Foreign Debt Restructuring Essay Example | Topics and Well Written Essays - 4750 words

Argentinas Foreign Debt Restructuring - Essay Example This paper envisages analyzing the causes and effects of the actions of the political leaders that left to this situation and the circumstances under which the various classes of creditors of the country were forced to accept the proposals put forth by the Argentine president for the settlement of the outstanding debts of the country. It is important to understand the extent, scope, and coverage of the definitions of the foreign debt and domestic debt before a meaningful financial analysis of the restructuring of the foreign debt by the country Argentina may be undertaken. According to an economic definition, â€Å"foreign debt is only the debt by non-residents, regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. Conversely, domestic debt is debt by residents regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. So a Brady held by an Argentine resident is domestic debt while a Let's held by a foreign investor is foreign debt.† It is to be understood that the economic definitions of foreign debt and domestic debt are different from the legal definition as had been adopted by the Argentine government for the purposes of undertaking the restructuring of both the domestic and foreign debts. The domestic debt is defined as debt issued according to Argentine law, regardless of whether it is in local or foreign currency and regardless of who, foreign or domestic resident, is holding these claims. Conversely, the â€Å"legal† definition of foreign debt is debt issued according to foreign (New York, UK, et cetera) law, regardless of whether it is in local or foreign currency and regardless of who, foreign or domestic resident, is holding these claims.†The point to consider was that was there a possibility that the host of factors that facilitate the litigation would disrupt the orderly process of debt restructuring undertaken by Argentina. Without committing a technical default Argentina would be going ahead with the process of structuring and even if some creditors hold out and start litigating, the litigation would take several years for coming to a close. Even if the litigation is started it is not going to hamper the process of the debt restructuring by Argentina.   

GOVT 480-DB4 Replies Essay Example | Topics and Well Written Essays - 250 words

GOVT 480-DB4 Replies - Essay Example Were it not for the negligence of the leadership, and their unwillingness to establish peaceful relationship, the two countries could have peaceful coexistence. Currently, as you argue, the situation at the west bank is the main reason for the tension and animosity facing the two countries. Further, you point out that with the United States supporting Israel with both finances and weaponry makes the situation even worse. With the issues taking drastic twists and turns, whet is the likelihood of there being peace between the two countries. Although the bible insists on peaceful co-existence, considering the history facing the two countries, is there any possibility that if peace would last, in case they were to assume peaceful coexistence? According to your argument, biblically, the region occupied by Israel and Palestine was the Promised Land, one that God directed Abraham to leave his home and start a new life. In the years that followed, when the French and the British came into the region, they subdivided the region into different areas. Could this have been the main reason why the two regions started falling apart? Since the two people keep on fighting on who should take control of the region, would this offer the solution in restoring peace in the region? The United States in various occasions, you indicate, has tried to restore peace in the two warring countries. In all these instances, the talks have failed top yield fruits. Other arguments hold that the United States supports Israel with finances and weapons, yet it sends delegations in these peace talks. With such confusion, is there any future in restoring peace between these two troubled