Argentina Debt Deal Appears Closer Than Ever As Right-Wing Government Eyes Cuts In Subsidies to Wealthy

Perhaps one of the most acrimonious battle between a sovereign nation and hedge funds over debt is likely to end shortly, speculate sources close to negotiations taking place between Argentina and hedge funds. Argentina recently publicly announced it would be delivering a proposed debt deal to creditors January 25, and sources expect the new “right-wing” government to have as a top priority mending fences with the international finance establishment, providing benefit to bond holders who had been fighting over the debt. How close the government comes to meeting the “hold-out hedge funds” demands remains to be seen, but sources expect the…