Default unravels the complex and dramatic saga of Argentina's 2001 financial debacle, when the nation shockingly defaulted on $100 billion in bonds. This book dissects the intricate web of sovereign debt law and illuminates the inner workings of international financial crisis management. Readers are taken behind the scenes of Argentina's contentious 2005 debt restructuring and the subsequent grueling litigation with holdout creditors. Through a meticulous case study, the book explores the formidable influence exerted by national leaders, the IMF, creditors, media, and judiciary on the eventual resolution of a country's economic collapse. Gregory Makoff, by sharing insights into the global interplay of financial capitalism, sheds light on the influential yet often hidden forces that dictate the outcomes in sovereign debt situations.