Argentina faces reckoning as debt deal clock winds down
Argentina’s day of reckoning has arrived. After four months of tense debt talks, multiple pushed deadlines and amendments since an initial low-ball offer in April, bondholders will decide on Friday whether to accept the country’s $65bn restructuring proposal. The main three creditor committees holding a large chunk of the bonds backed a deal earlier this month, bolstering confidence that the government will get the required level of support to allow a full deal to go ahead without holdouts. A deal is key to pulling Argentina out of default and reviving the economy, already in its third st...
Source: aljazeera.com