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A The Wall Street Journal short article, revealed on November 10, 2013, explained Martínez's selection to speculate in Argentina "an strange contact," on condition that "Argentina continues to be a cautionary tale For a lot of buyers due to the fact its 2001 default on $100 billion in sovereign credit card debt" Which its previous two presidents, Néstor Kirchner and Cristina Kirchner, experienced "consistently absent mano a mano with huge company," nationalizing an oil company and in search of to force the Clarin media group to interrupt up its business.
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His "wholesale" invest in of defaulted Argentinian bonds was viewed as an act of "loyalty" to Argentina by Kirchner and Some others. For the duration of Argentina's worst economic situations, he purchased into "almost all" on the state's huge companies, "from Telecom to Transener."[eight]
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