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Time to Cry for Argentina? A Judicial Ruling’s Global Reverberations
By ruling that Buenos Aires must repay sovereign bond holdouts, Judge Griesa may have complicated similar programs in Europe while derailing any hope of Argentina’s reentry into the global financial system. It is tough to blame Judge Thomas Griesa for throwing the book at Argentina. The enigmatic South American nation […]
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Reform and Backlash: What Europe Can Learn from Latin America
In November, the backlash to externally imposed austerity once again boiled over. Labor unions executed coordinated strikes. University students took to the streets. Daily life came to a halt as citizens protested grinding reforms. The harsh economic restructuring was demanded by the International Monetary Fund (IMF) and backed by the […]
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And Then the Earthquake: In Central America, Earthquakes Topple More Than Buildings
On Wednesday, November 7th, a 7.4-magnitude earthquake shook the San Marcos Department along the Guatemalan Pacific Coast. The largest such quake in Guatemala since 1976, the tremors were felt from Mexico D.F. down to San Salvador. International news sources report the death toll at nearly fifty, while hundreds have been […]