Sunday March 29, 2020

Should we have burned bondholders? Ask Argentina

It will be a long time before people stop hoarding dollars in Argentina

29th November, 2015
Lightning strikes a building on the Buenos Aires skyline

In 1880, 20-year-old Thomas Scott left Ireland and sailed for Argentina. There, in the province of Córdoba, 300 miles west of Buenos Aires, he worked his way up from farmhand to farm manager and then, thanks to a loan from his employer, to rancher.

He met a Wexford girl, Eliza Sinnott; they married and had three children. Together with other local ranchers - of French, Basque, Italian and Spanish roots - they built a small...

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