One of the leading players in Argentina’s debt swap earlier this year says that troubled eurozone countries such as Greece should heed the lessons of the Latin American nation’s protracted restructuring process and implement a pre-emptive private-sector solution as soon as possible.
Robert Koenigsberger, founder and chief investment officer of Gramercy, a dedicated emerging markets fund manager that specializes in distressed debt, says that policymakers “are throwing money at Greece and others without reaching a resolution”.
Instead, he urges Europe’s stressed sovereigns to reprofile their debt and involve the private sector in any solution.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
