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Brazil & Southern Cone - January 2015 (ISSN 1741-4431)
ECONOMY: Foot-dragging through 2015
On 1 January the ‘Rights Upon Future Offers’ (RUFO) clause in a large number of Argentine bond contracts expired. In theory, the end of the RUFO clause will make it easier for Argentina to negotiate a settlement with its ‘holdout’ creditors, led by hedge funds NML Capital and Aurelius Capital Management, so as to end a damaging dispute that has placed the country in partial default since July 2014, and which continues to limit its access to international capital markets. But there are few signs that President Cristina Fernández and her economy minister, Axel Kicillof, are ready to do a deal this election year.
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- ECONOMY: Observers remain sceptical
- ECONOMY: The adjustment
- POLITICS: Frenemies
- POLITICS: Nisman death rocks the country
- ECONOMY: Foot-dragging through 2015
- POLITICS: Bachelet loses her first minister
- ECONOMY: Sun shining on NCRE
- ECONOMIC OVERVIEW
- POLITICS: Ruling FA drives through media law
- POLITICS: The strains of governance show
- POLITICS: New Year, new cabinet