*defaults for the 9th time since declaring independence from spain*
*defaults for the 9th time since declaring independence from spain*
Chip off the old block
Can we say that Argentina defaults by default?
Fucking finally
once your finantial system goes crack there is no returning back
lel
>Problem?
every country has debt
Argentina is Ukraine of Latin America
Ukraine is worse
Argentina is worse
heh
diffrence between having debt and defaulting senpai
whats the difference?
Having debt is to simply owe money
Defulting is being completely unable to pay back said money and having to stop paying off the loan due to sheer inability to do so. This sounds like a non issue for a country as its not like Argentina is going to feature on cant pay we'll take it away. However, if you defualt as a country your credit score goes down meaning loans are harder to aquire. Like said every country has debt because every country needs loans to run. If you're unable to aquire loans then you will lack the funds necissary to build shit to develop such as infrastructure, powerplants, ect. Thus Argentina is going to have a harder time developing as less people will want to invest as if they do and argentina defults then they loose their money so why not invest in Chile instead?
Just wait for the copper to run our bro, then it's gonna be a free for all
The IMF always loans them again though, some retards even buy their bonds too
>tfw never been in default
based Argentinians not cucking out to banksters
I LOVE IT
Remember friends there is no shame in declaring bankruptcy. It's literally a get out of jail free card
>I'm a God, how can you default a God?
Yes because the IMF isn't a development bank it was specifically made to help country who struggle with balancing payments by giving them low intrest loans which would allow for breathing space to get their economy moving (Some of the rationale behind it being that poor people are more likley to go communist).
You have a shit ton of lithium, no? Thats like the new oil.
We're not known for making profit off of our natural resources
yes but someone else will take it as always
they fell for Le left-right infinite loop.
They need a socialist revolution.
they literally always pay in the end
why is this such a big deal
but op said they defaulted 9 times
What about you guys?
What the fuck is a default?
Impago