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Reinhart Says Full Argentine Default Is Just a Matter of Time

Carmen Reinhart
Carmen ReinhartPhotographer: Samuel de Roman/Getty Images

To Carmen Reinhart, an Argentine default is all but inevitable -- and will likely come sooner rather than later.

The Harvard University economist says the government’s re-profiling plan is already a default on domestic debt, which rating companies will likely promptly respond to. While asking bondholders for more time doesn’t configure a default on its foreign obligations, it would be “a miracle if they get to six months.”