10 October 2011

ARGENTINA : $9 Bn Paris Club Debt Negotiations...Still Stalled.

M.PRESS

     Argentina's economy has been humming along.
     But there is still one huge overhang before Buenos Aires can rejoin the credit markets...$9 billion owed to the Paris Club...remaining from the 2001/02 crisis.
     The Paris Club wants Argentina to repay the defaulted debt within three years...with a big initial payment reports the newspaper LA NACION.
     The newspaper claims there has been little progress so far on that agreement.