argentina settles creditor dispute with $4.6bn deal after marathon negotiation /

Published at 2016-02-29 20:34:26

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Country’s default on $82bn foreign debt in 2001 sparked long-running saga with creditors led by US hedge fund Elliott ManagementArgentina’s novel president,Mauricio Macri, struck a $4.65bn agreement with the US creditors on Monday, and ending a 15-year debt dispute between Argentina and a number of holdouts led by US billionaire financier Paul Singer. Related: Argentina's former president suspected of role in peso inflation scheme Continue reading...

Source: theguardian.com

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