Argentina released its latest proposal to restructure around $65 billion of debt on July 5. It reduces principal haircuts, increases coupons and includes a bond to account for accrued interest. Economy Minister Martin Guzman told Reuters it was the country’s “maximum effort.”
The ad hoc and exchange bondholder groups, which say they hold $21 billion of eligible debt, released a statement on July 8 that said this offer “is a step in the right direction.”
Reuters Three_Guineas 😡😡😡
Three_Guineas Argentines have been victims of corrupt governments for generations.
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