Economics
Argentina Economy Chief Warns of ‘Deep Debt Restructuring’
- Guzman says bondholders will probably be disappointed
- He laid out three possible fiscal paths to balance budget
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Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis.
Martin Guzman warned Wednesday that holders of Argentine debt will probably be disappointed by the restructuring, without providing specifics on how steep losses could be.