Anyone Want to Buy Some Cuban Debt?

at 2:33 PM Tuesday, June 9, 2009
HAVANA, (Reuters) - Cuba has rolled over 200 million euros in bond issues that were due in May, as the country's central bank asked for another year to repay foreign holders of the debt, financial sources in London and Havana said this week.

EDITOR'S NOTE: Fortunately, U.S. sanctions directly prevent AIG and U.S. financial institutions -- and indirectly, the Inter-American Development Bank, World Bank and International Monetary Fund -- from purchasing Cuban debt. Otherwise, we'd be preparing another bailout.