Argentina To Pay $500 Million To Resolve DebtsVW Staff
Argentina has agreed to pay around $500 million to resolve debts resulting from its default in the opening years of the twenty-first century. According to five separate agreements, which were signed by the country and several European and U.S. corporations, the bondholders will write down around 25 percent of the total $677 million they are owed, and receive $500 million in new Argentinian bonds.
Argentina defaulted on most . . .
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