Editorial Board

Argentina Default Didn't Have to Be This Way

Muddled international rules governing sovereign bankruptcy have made Argentina's problem worse.
Fix the system, even if it's too late for Argentina.

Following the twists and turns of the Argentine debt saga isn't good for one's sanity. Yesterday, the government defaulted on its debts. Or did it? It's not clear. What is clear is that this is no way to resolve sovereign-debt disputes.

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