The Province of Buenos Aires' Restructuring
The recent restructuring of the Province of Buenos Aires' multi-billion dollar debt raises many questions. Why the hardball tactics? Why did creditors cave suddenly when initially seeming to stand tough? Who were the holdouts and will they be paid in full? Will PBA's coercive tactics harm its reputation as a borrower? And who better to ask these questions than Scott Squires of Bloomberg, one of the only financial reporters to have dug deep into the legal, political, and economic details of both the Argentine republic’s restructuring and the subsequent provincial ones.
Producer: Leanna Doty