Guzmán is negotiating the country's debt

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Martín Guzmán, Argentina's economy minister, has decided to take on a quest that many would have turned down.

He will negotiate with bondholders to take care of the important debt problem that Argentina has. He will either manage to cut down the value of the bonds to almost half, in a way of relieving the affected economy of a developing nation, or trigger a redux of the long known legal battle that has affected Argentina for already  more than 15 years. A letter has been signed in may by many economists of the country that asks for a debt relief, due to the pandemic affecting the economy directly. Time will tell if Guzmán is able to provide a solution for this problem.

REFERENCES

https://www.batimes.com.ar/news/economy/guzman-takes-on-wall-street.phtml

https://bit.ly/3fCRqSG

This article has been by RICCI Manuel, GARCEA Belén and VUGA Franco


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