Argentine government negotiating creditors' counteroffers ahead of Friday deadline

Wednesday, May 20th 2020 - 08:55 UTC

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Argentina’s government and its creditors are edging toward a deal to revamp US$ 65 billion in foreign debt but still have a distance to close between an initial offer from the government and counteroffers from bondholders ahead of a Friday deadline. Read full article

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Enrique Massot
In spite of catastrophe predictions by interested parties, Argentina and its creditors are inching towards a mutual agreement that both avoids default and also strangling Argentina's economy.

Both sides started from tough, opposing positions but have been getting closer as time went by.

As initially predicted, however, any agreement would be better to both parties than no agreement at all.
May 22nd, 2020 - 02:18 am - Link - Report abuse 0
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