" This is the biggest effort we can make," warned Argentine President Alberto Fernandez on Sunday July 5 regarding the new proposal to restructure Argentina's debt. Since April, the third Latin American economy has been trying to find a compromise with its private creditors on the $ 66 billion debt. Failing agreement, negotiations have already been postponed four times. The deadline for talks, which was to expire on July 24, has just been extended until August 4.
The standoff between Buenos Aires and its private donors concerns securities issued to foreign donors dating back to 2005 and 2010 and from 2016, during the term of former center-right president Mauricio Macri. " It is the continuation of a long saga," explains economist Marina Dal Pogetto, director of the cabinet Eco Go. According to her, the government's final offer is " much larger than that presented in April"
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