A mini-Summit on January 5, 2023 was attended by the new president of Argentina, Javier Millay. The reason for the meeting he had with the technical staff of the International Monetary Fund (IMF), which took place on the very day that the price of gasoline rose by 27% and meat, a staple food in Argentina, …
Tag: Perpetual bond
Argentina: Issuing Perpetual Bonds for ‘Haircuts’ Without ‘Haircuts’
The tool of perpetual bonds to service the debt of the perpetually sick and asthmatic Argentina is intended to be used by the President of Argentina, Javier Millay. More specifically, the Argentine president by issuing perpetual debt seeks to repay a $16 billion bond – money that had been used to renationalize the country’s public …
Is it Time for the Eurozone/EU to Issue A Perpetual Bond?
Global debt has reached 365% of world annual GDP, an amount close to $280trillion and surely no one should expect this amount to be repaid within the space of a century. The only solution that seems feasible now is its unstoppable per-financing, although in the long term this solution is not sustainable, since it has …