Perhaps default and restructuring is the answer….
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Look at this, the country that we heard will never be able to borrow another copper obel is now starting to look much more attractive.
Apparently telling the loan sharks to go jump in the moat and having some private parties take losses isn’t the end of the world.
Don’t worry though, this is completely lost on the re-inflate crowd.
Agreed. The fact that Russian yields were able to trade at record lows vs US treasuries within 10 years of defaulting should also be bigger news during this whole ongoing crisis.