Greg Makoff on Default: The Landmark Court Battle over Argentina’s $100 Billion Debt Restructuring

Greg, a senior fellow at the Centre for International Governance Innovation, will talk about his book Default, the riveting story of Argentina’s sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. It describes the intense fight over the role of the IMF in Argentina’s 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts.