How Argentina Went From Restructuring Darling to Debt Pariah…Again

Argentina has undone a huge amount of positive work done in reaching an agreement to restructure its debt through its financial mismanagement and the government only has itself to blame, according to Raphael Kassin, Citywire reported. Emerging market debt veteran Kassin made the comments during the most recent episode of our sister publication Citywire Selector’s EM Insider podcast. The main bodies involved in the restructuring – the Argentina Exchange Bondholders Group and the Argentina Creditor Committee – blasted the Argentinian government last month over ‘virtual wasteland’ that had followed an agreement being reached over the summer. The groups said the government had not proactively changed course but instead continued with profligate spending and monetary policies, which continued to damage the country’s international reputation. Read more

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