Will Ukraine’s bondholders force a default on purpose?
(Business New Europe – bne.eu – Ben Aris in Moscow – May 26, 2015) Will Ukraine’s private bondholders force the country to default on its debt on purpose by refusing to negotiate on the restructuring, or “haircut”, that Kyiv is demanding on $10bn worth of debt? It’s not such a crazy question, because it has happened before. In 2009, Morgan […]
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