In Buenos Aires
“ Argentina cannot pay. The Argentinian Minister of Economy, Martin Guzman, did not go four ways to explain the situation in his country last Thursday during the presentation of the debt restructuring offer to private creditors. Argentina, which finds itself in virtual default, offers a 62% rebate on interest on its debt of $ 68 billion as well as a 5.4% reduction on capital. Regarding payment deadlines, Martin Guzman announced that the country could not repay before 2023. Private creditors have twenty days to respond, but several of them - including the Argentina Creditor Committee (ACC) group - have already said on Monday that they were refusing this " unilateral offer""
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" If it is a final offer from the government to take or leave, with no room for negotiation, it seems difficult to have a successful outcome ," said
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