Argentina Debt Talks Still On, But Have ‘Distance to Cover', Guzman Says

Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday, Reuters reported. Guzman said the government is in negotiations with two main creditor groups, though the “biggest differences” remain with the Ad Hoc Bondholder Group, which includes AllianceBernstein, BlackRock, Ashmore and others. “It takes a lot of dialogue, we remain hopeful that it will be able to in some point reach an agreement, but clearly there is more work to do and there is a distance to cover in economic terms and in legal terms as well,” Guzman said at the webinar, hosted by Bloomberg. Read more