US ruling on Argentina debt: Weighing the human rights consequences

Rethinking Bretton Woods | Sun, Aug 10, 2014


Should the predatory practices of a few hedge funds be allowed to jeopardize a debt relief deal reached by a country with 92 per cent of its creditors? Is that consistent with human rights principles applicable to the behavior of both debtors and creditors? Center of Concern joined the Argentina-based Center for Legal and Social Studies and the Center for Economic and Social Rights in urging governments to weigh the global human rights consequences of a continued gap in the international financial architecture. The document attracted support from more than 100 organizations worldwide and was reported in media, such as the Wall Street Journal.

Read a blog on this topic appeared on RightingFinance.