Argentina’s government confirmed on Tuesday that it reached an agreement with its major foreign private creditors to restructure $65 billion in debt, a step that the economy ministry said will “grant the country significant debt relief” and resolve its third sovereign default in two decades.
The agreement, with bondholders led by BlackRock Inc. and a number of other major investment firms, enables the government to avoid a prolonged, public clash like the one that marked Argentina’s 2001 default. The pact will also lend a...
As long as Argentines believe in the fairy tale of Socialism and Peronism as well as continue to elect vain politicians like Macri, they will never get out of perpetual cycles of bust. And may ultimately become a Chinese colony in South America.
In other words, Argentinian politicians kneel their country to international organizations that are only thinking in the worlds best right ? TRUMP MAGA
Argentina had a debt problem way before virus. Just as NY, CA, Conn, etc did. Virus makes good cover for bad management for decades.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Argentina Agrees Restructuring Deal With BondholdersArgentina’s government has reached an agreement with three groups of creditors to restructure its debt in a step that will grant significant debt relief to the country, the nation’s Ministry of Economy said. Maldito Socialismo Again. How long until the 10th (I think but might have lost count) default? QA_NJ Argentine debt: restructured pesos: confused screaming
Source: WSJ - 🏆 98. / 63 Read more »
7-Eleven Owner Agrees To Buy Gas Station Chain Speedway For $21 BillionI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018. Have a news tip? DMs are open on Twitter SiladityaRay or drop me an email at siladityaprotonmail.com. Gas stations won’t even exist in a few decades. It is a nice footprint indeed. People love speedway
Source: Forbes - 🏆 394. / 53 Read more »
Even Andrew Lloyd Webber agrees: The 'Cats' movie was 'ridiculous'Composer Andrew Lloyd Webber has weighed in on the recent film adaptation of 'Cats,' his hit musical that premiered in 1981. Spoiler: He wasn't a fan. Did he watch that other version? Cats tend to make a mess.
Source: latimes - 🏆 11. / 82 Read more »
WSJ News Exclusive | Argentina Near $65 Billion Restructuring Deal With BondholdersThe government is finalizing an agreement with its biggest private creditors to restructure about $65 billion in foreign debt and resolve the country’s third sovereign default this century, according to people involved in the talks. A nation of thieves Nazi nest How much do they owe the U.S.?
Source: WSJ - 🏆 98. / 63 Read more »
Argentina clinches deal with creditors to restructure $65 billion debt, bonds riseTalks as recently as June had hit an impasse when Buenos Aires said it could not 'responsibly commit' to the terms offered by creditors. Bullish, even Argentina can work out a deal How quaint, $65 billion dollars. The US borrows this much everyday. So many restructures that one day it can deform the argentinians.
Source: CNBC - 🏆 12. / 72 Read more »
Argentina Agrees Restructuring Deal With BondholdersArgentina’s government has reached an agreement with three groups of creditors to restructure its debt in a step that will grant significant debt relief to the country, the nation’s Ministry of Economy said. Maldito Socialismo Again. How long until the 10th (I think but might have lost count) default? QA_NJ Argentine debt: restructured pesos: confused screaming
Source: WSJ - 🏆 98. / 63 Read more »