Argentina’s Lacunza Says Debt Plan Needs Opposition Approval

Argentina’s government can’t resolve growing investor concern over the ability to repay its debt alone and will require consensus with the opposition to reach an orderly reprofiling of its obligations, Economy Minister Hernan Lacunza said, Bloomberg News reported. With just a month before general elections and the handover for the next administration slated for Dec. 10, a bill to address government debt may not pass through Congress before President Mauricio Macri finishes his term but signals to the market that the issue will be debated and is a priority, Lacunza said in an interview at the presidential residence in Buenos Aires on Friday. “Neither this nor the next government can face a negotiation without political consensus,” said Lacunza, who’s been in the post for a month. Read more

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