Exclusive: Argentina needs 'substantial' relief in $70 billion debt talks, economy minister says [Reuters]
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Source: Reuters
Exclusive: Argentina needs 'substantial' relief in $70 billion debt talks, economy minister says BUENOS AIRES (Reuters) - Argentina will need “substantial relief” as it restructures nearly $70 billion in debt with international bondholders, the country’s economy minister Martin Guzman told Reuters, signaling a tough tonic ahead for the country’s creditors. In his first interview with international media since taking up his role in December, the 37-year-old U.S. trained economist, said a March 31 deadline to strike a deal with bondholders may also be affected by a global coronavirus outbreak that was hitting plans for road shows for the government’s debt proposal. In an hour-long conversation in his office in central Buenos Aires, Guzman said Argentina does not have the capacity to service its foreign currency bonds for a “few years” and that any agreement with creditors needed to put public debts on a sustainable path. “There is need for substantial relief,” he said, adding that all o
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