Argentina says debt default is over
http://www.guardian.co.uk/argentina/story/0,11439,1430318,00.html
Ashley Seager
Friday March 4, 2005
The Guardian
Argentina was poised last night to announce it had reached agreement
with its creditors to restructure $103bn (=A354bn) of its debts, more
than three years after declaring the biggest sovereign debt default of
modern times.
Its president, Nestor Kirchner, was expected to confirm overnight that
about 75% of the country's bondholders had agreed to swap their old
debt for new at a loss of up to 70 cents in the dollar - also a record
and one that Mr Kirchner has called "the biggest haircut in history"
for investors.
Ashley Seager
http://groups-beta.google.com/group/alt.atheism/msg/b5f1a0b5a46900a8
Argentina
http://groups-beta.google.com/group/alt.atheism/msg/3738e15387e5995a
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