Argentina Default Risk Rising, Not Inevitable: UBS's Baweja

The transcript discusses the uncertainty surrounding Argentina's potential default, highlighting the economic challenges and political statements involved. It notes the market's high probability of default but suggests it's not inevitable. The focus is on the recovery value of bonds and the implications of a default.

What is the speaker's stance on the certainty of Argentina's default?

• It is almost certain.

• It is not almost certain.

• It is already happening.

• It is definitely going to happen.

Why does the speaker doubt Fernandez would want to take over a bankrupt economy?

• Because it would be a financial burden.

• Because he has no interest in the economy.

• Because he prefers to work alone.

• Because he has already declared bankruptcy.

What is the market's current estimation of Argentina's default probability?

• 70-75%

• 50%

• 60%

• 80-85%

What is the speaker's view on the inevitability of Argentina's default?

• It is inevitable.

• It is not inevitable.

• It has already happened.

• It is unlikely.

What is the key question regarding the bonds if Argentina defaults?

• The interest rate of the bonds.

• The recovery value of the bonds.

• The maturity date of the bonds.

• The issuer of the bonds.