Greece misses deficit target as bailout deadline looms

Cash-strapped Greece fell well short of its budget deficit reduction targets last year, official figures showed Wednesday in a development that’s likely to add pressure on the radical left-led government during tortuous talks with bailout creditors.

The country’s statistical authority … Read the rest

‘US plans to assassinate me’

The President of Argentina has suggested that the United States are planning to overthrow her government, and even assassinate her on Tuesday evening.

After last week’s alleged threats on her life by Islamic State connected militants, Fernandez said, “So, if … Read the rest

China, Argentina agree on currency swap

Argentina, which defaulted on its debt in July, will receive the first tranche of a multi-billion dollar currency swap operation with China’s central bank before the end of this year, the South American country’s La Nacion newspaper reported on Sunday.… Read the rest

What happened in Argentina

By Jérome Duval, Fatima Fafatale.

The vulture fund NML Capital that, together with others, has Argentina on the edge of suspending payments, is already devouring the rotting flesh of the Spanish market. Elliott Management, the opportunistic fund of the serial … Read the rest

By Jérome Duval, Fatima Fafatale.

The vulture fund NML Capital that, together with others, has Argentina on the edge of suspending payments, is already devouring the rotting flesh of the Spanish market. Elliott Management, the opportunistic fund of the serial … Read the rest

Chase Bank limits cash withdrawals

chaseIn March 1985 when Chase Manhattan Bank led a string of banks to the South African Reserve Bank and demanded their money back, the economic pressure on South Africa intensified dramatically. Some speculate that Chase’s move was what really pulled … Read the rest