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Argentina’s biggest bondholders have doubled down the government’s plan to restructure its $65bn foreign debt

62 per cent “haircut” on interest payments worth almost $38bn, as well as a 5.4 per cent reduction in the face value of the debt, worth about $3.6bn. 

Argentina must win over the support of the three creditor groups before May 22 if it is to avoid its ninth sovereign debt default

FT 4 May 2020

Argentina is Christine Lagarde's latest disaster

The bailout of Argentina was meant to be the crowning achievement of her career, but instead the country has plunged into chaos, and will almost certainly have to default on the billions the fund has lent it.

Telegraph 30 August 2019

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