Debt Saga: End In Sight

BMI View: Buenos Aires decision to re-open the 2005 debt exchange is encouraging, signalling a final push to resolve the long-standing deadlock with 'hold-out' investors. In conjunction with a normalisation of relations with the IMF a successful debt-restructuring should enable Argentina to return to the international capital markets, and thus help ease concerns about the government's yawning financing gap.

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