Skip to content
Subscriber Only
Politics
Economics

Argentina’s Fernandez Says He Doesn’t Want to Default on Debt

  • Bonds, currency fall on fears of return to populist policies
  • The country has billions in foreign-currency debt due soon
Video player cover image
Macri Slams Opponents for Market Rout
Updated on

Argentina’s presidential front-runner Alberto Fernandez criticized his opponent, incumbent Mauricio Macri, for increasing short-term debt to unsustainable levels, although he said he doesn’t want to default on the country’s obligations.

One day after a primary election victory that put him on track to win the presidency in the October election, Fernandez said the country needs to change its economic model, without offering a clear alternative. The agribusiness sector isn’t selling enough grains to bring in enough dollars, he said.