The liabilities of the second largest economy in South America, not to the current conditions to be viable. Therefore, Argentina is demanding that his private creditors to waive part of their claims of around 66 billion dollars (approximately 59 billion euros). There is no agreement, threatening the country with bankruptcy. It is the ninth payment would be a failure in the Argentine history.
the Last had been demanded by the lender higher interest rates on the government bonds and Changes to some clauses of the contract. The Argentine government maintains, however, on your last offer and no further concessions.
Argentina is in a severe financial and economic crisis. The inflation rate was more than 50 percent. For the current year, experts expect a decline in economic power by around ten percent. At the end of may Argentina interest rate had not settled receivables in the amount of 503 million US dollars, and had slipped into a limited payment default.Updated Date: 26 July 2020, 10:19