Our South American rep agency says that the Argentinean economy is booming
and has suggested we re-open certain key accounts in this country. Any comments?
Answer: : Argentina defaulted
on sovereign debt of more than $130 billion in late 2001. That debt remains
unpaid and no one is certain when or how or if it will be repaid. In
my mind, unpaid debt which of $140 billion+ always leaves room for concern. |