Sovereigns of fortune (a debtor’s prison break)

FT Alphaville » Latvia 2013-08-01

Summary:

In 2008-2009, a sovereign crack commando unit was sent to debtor’s prison by a bond vigilante court for a crime they didn’t commit.

(Well, actually, private-sector balance sheet losses, exchange rate collapse, all sorts of dubious government decisions, that kind of thing — still hard to say who committed what, bit of a mess really.)

Continue reading: Sovereigns of fortune (a debtor’s prison break)

Link:

http://ftalphaville.ft.com/2011/06/09/589726/sovereigns-of-fortune-a-debtors-prison-break/

From feeds:

euro-exit » FT Alphaville » Latvia

Tags:

greece sovereign debt capital markets dubai cds iceland latvia debt restructuring sovereign risk

Authors:

Joseph Cotterill

Date tagged:

08/01/2013, 07:30

Date published:

06/09/2011, 11:34