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ARGENTINE GDP WARRANTS |
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On January 14th 2005, Argentine president, Nestor Kirchner together with then economy minister Roberto Lavagna launched their proposed restructuring on the $103bn debt burden that the government had been in default on since late 2001. In paying back only 30 cents on the dollar and getting the majority of the 500,000 affected bondholders to accept the terms the deal has been deemed a success, certainly I know who I would have renegotiating my mortgage. |
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