Argentina's Fernandez Says Doesn't Want Debt Haircuts but Priority on Growth

Argentine President-elect Alberto Fernandez said on Thursday he did not want to fall short on debt obligations even as his government puts a premium on growth. Fernandez, who takes office on Dec. 10, will need to negotiate with creditors including the International Monetary Fund as Argentina buckles under the weight of about $100 billion in sovereign debt, KFGO reported. "I do not want to give haircuts to anybody, I do not want to stop paying what we owe," Fernandez said while speaking at an Argentine industrial chamber event in Buenos Aires. "We are going to pay the day we have grown, produced more, exported more and obtained the dollars with which to pay this debt." Read more

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