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"Fintech was on the list of important contributors from the Trade of 2005," wrote William Dahill, a lawyer for Martínez. "He realized that the only real way" that Argentina could Get better from its economic disaster "could be by a reduction of its liabilities, which might enable the financial system to grow along with the country regain a least degree of creditworthiness.
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This deal pitted him "versus the mobile-mobile phone business enterprise of Carlos Slim in South America's 2nd-most important economic climate" and "expanded Martínez's bets outside of holdings for instance cable property and Argentina's sovereign financial debt as he seeks to gain from expanding Web and online video use on mobile units."[twelve]
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A The Wall Street Journal posting, released on November ten, 2013, explained Martínez's decision to take a position in Argentina "an uncommon phone," provided that "Argentina has actually been a cautionary tale For most investors due to the fact its 2001 default on $100 billion in sovereign credit card debt" Which its last two presidents, Néstor Kirchner and Cristina Kirchner, experienced "repeatedly gone mano a mano with big business enterprise," nationalizing an oil business and looking for to drive the Clarin media group to interrupt up its business.
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