If the crises of tomorrow are born in the bull markets of today, another Latin American government will default before the decade is out. Creditors beware.
The debt exchange ending Argentina's three-year default is now a fait accompli. But it doesn't look like it will solve the country's problems.
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Are populist governments like Venezuela & Argentina turning pragmatic?
In some ways
“The crisis has been a setback for reserve diversification."
Jan Dehn, Ashmore Investment Management
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